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Tradepatterneducation

H&S pattern play on EURJPY Glad to be back after a bit of time off chasing other responsibilities of mine. EURJPY has broken down through what I see as a head & shoulders pattern play neckline.The measured move is some 200-250 pips lower providing the neck line break is held. I suspect bounces back to that neck line will be met with resistance. Hold under the neckline and this opens the door to the 89 SMA at the very least. Heading into the Asian trade day and let’s see if we get a bounce into our sell zone. As always all the best to your trades. Trade idea is meant as educational information. Plan your own trades and trade your own plans. Just because I’ve taken this position doesn’t mean you should. If you aim to trade along, the risk is all yours.
Short
by PipsTradingClub
2