RLinda

EURJPY → False breakthrough and the H&S reversal setup

ショート
RLinda アップデート済   
FX:EURJPY   ユーロ/円
EURJPY after another resistance retest forms a false-break and on the local timeframe the currency pair draws a pair of H&S. What should we expect from the price?


On the 1H timeframe the price forms the pattern "Head & Shoulders", which is a precondition for the possible decline.
The price is falling and testing the support of 148.864, which is a strong zone. Most likely, a pullback to the base area of H&S will follow. I assume that after a technical pullback to 149.75 - 150.00, the price may continue its fall to 148.86, then to 147.800, as there is a huge pool of liquidity below these levels, which may be of interest to the market maker.


Strong resistance: 150.00, 150.500, channel resistance
Strong support: 148.864

I expect a rebound from the support for a possible retest of the base of the reversal pattern, from which I will further expect a decline.

Regards R. Linda!
トレード稼働中:

🌹TRADING is a CASINO💔!?

NO‼️

You❗️CAN and ❗️SHOULD make money in trading!

Join me, I'll guide you to PROFITABLE TRADING💵!

🟢Free Telegram Channel:
t.me/RLindaTrade

🔴Contact:
t.me/RLindaSignals

🧿Web: rlinda.com
免責事項

これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。