EURJPY Head And Shoulder In Making
In EURJPY, I am watching the channel formation and have traded it well. Details [here].
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EURJPY H1 |
On H1, price is making out a head-and-shoulder pattern with a neckline at 103.10 area. Left shoulder is the highs of 18-Oct and head is highs of 23-Oct. Right shoulder comes at today's highs.
Currently price is coming towards the neckline very fast owing to Yen strength after good move in USDJPY from previous 7-8 days.
I am planning to go short on break and close below the neckline for a possible move towards the channel lower trendline. Details [here].
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