EURJPY H1 |
Now this head-and-shoulder formation is complete and price has broker below the neckline. Moreover price has also bounced to the neckline after breaking it and is pushing down.
EURJPY Daily |
If this setup comes comes up well on Monday, then I will take short trade at 103.10 for a possible move towards the channel's lower timeframe.
On daily timeframe, price is moving inside a rising channel. Price recently got rejected from the channel's upper trendline.
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EURJPY H1 |
I will wait for Europe open and will trade this based on how YEN reacts. I plan to go short at 103.1005 if the pair remain stagnant or shows any sign of coming down.
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