Short

Possible EUR/JPY shorts forming

I think that EUR/JPY has ran its uptrend course and we will soon be seeing a reversal at the 124.00 key level. On the Daily we have a nice hanging man candle formed at the top of an uptrend I also see a head and shoulders pattern forming on the 4hr time frame, once it completes the right shoulder I will be shorting this pair with my SL just above 124.00

thanks

michaelk631

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michaelk631