Euro / Japanese YenShort
EURJPY Head and Shoulders pattern
As we can see EJ is in the support level. I highly expect move to the upside. WHY ?
1) Possible support rejection
2) Broken trendline retest
3) 50% fibonacci retracement fits with the resistance level
4) Possible H&S pattern creation
I am bullish to the "right shoulder" and then I would like to have very nice short position with a beatiful RRR
1) Possible support rejection
2) Broken trendline retest
3) 50% fibonacci retracement fits with the resistance level
4) Possible H&S pattern creation
I am bullish to the "right shoulder" and then I would like to have very nice short position with a beatiful RRR
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.