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
Penafian
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