EURJPY (15)
Updated
. Head and shoulder formation to the downside
. However ascending triangle forming higher lows so keeping an eye out if breaks resistance
. If strong resistance and no breakout, head and shoulders + trend breakout = downside movement to the next support level
. If resistance is weak, next target at 120 zone.
. Overall, short
. However ascending triangle forming higher lows so keeping an eye out if breaks resistance
. If strong resistance and no breakout, head and shoulders + trend breakout = downside movement to the next support level
. If resistance is weak, next target at 120 zone.
. Overall, short
Note
Price respected channel upwards and broke the ascending triangleTrade closed: target reached
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