Inverted Head & Shoulders pattern on EURJPY

Inverted H&S, the price will possibly go down until 129.90 level, as a 38.2 level of Fibonacci retracement, where I placed the entry point, as one of my rules for the H&S. Stop loss will be place about 50 pip less than the entry, under the support level area. Take profit placed around 200 pip above, as a 1.272 level of Fibonacci’s extension. Then as a resistance level end retest of the previous bullish trend line, it will probably go down.

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