EURJPY - FORMING A POTENTIAL HEAD & SHOULDER PATTERN
EURJPY has shown some weakness this past few days and failed to trade higher above its previous weekly high (PWH). We saw a break and retest of Aug 6 PWH, down to a level (124.426) acting as support.
I expect to see a potential head and shoulder pattern formed which will also give us an opportunity to short this pair @ 125.376 level, pushing price lower down to 123.000.
Entry level : 125.376 || 125.576
Stop loss @ 125.859
Tp1 : 124.000
Tp2: 123.000
Happy Trading Week.
I expect to see a potential head and shoulder pattern formed which will also give us an opportunity to short this pair @ 125.376 level, pushing price lower down to 123.000.
Entry level : 125.376 || 125.576
Stop loss @ 125.859
Tp1 : 124.000
Tp2: 123.000
Happy Trading Week.
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