Long

EURJPY - look out for this pattern forming on the weekly chart.

Updated

Im expecting EURJPY to make an inverted H&S before more upwards.
For now i will be looking for entry once broken trend line towards the neckline of the potential inverted H&S before next leg down to form the right shoulder before for more upside.

Will update the chart as the day goes. trade safe.

Note

so far this trade, the bulls are trying to defend this tl break. So likely this TL would be broken, looking at H2, the TL on the lower TF is holding well, happy pips! Yippeee!!

Note

As of now, TL has been broken and hold well above it.
We should be looking for more upwards movement for this pair

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First TP level have reach and close with happy pips!
You would have made some quick pips if you followed my trade idea, now look for retracement then buy upwards towards the purple area as potential resistance.

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Ej completed 2nd level tp, 254 pips all done and taken into pocket! Hurrah! =)

Like and share and follow me on facebook FxTradingWarrior

Cheers!

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next update:
Look out for reversal for this pair soon. As long as 122.69 is not broken n hold above, we should be looking for some reversal for this pair.

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this trade went even higher than before, for now am gonna sit aside and watch the market first.. this is too strong of a move right now in EJ

FxTradingWarrior

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