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Euro / Japanese Yen
Short

EURJPY: Trading Plan

By VasilyTrader
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hey guys,

EURJPY has broken below a rising channel on 1H.

currently, the price is forming the right shoulder of a head and shoulders formation.

I am looking for a bearish breakout of a neckline to short on retest expecting a drop lower.

start your profit protection from 115.5 level and aim at 115.0 with a potential bearish continuation.


in case of violation of head level to the upside, setup is invalid
Chart PatternsCurrenciesEURJPYeuroForexmoneyTechnical AnalysistradingTrend AnalysisUSDWave Analysisyen
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