EUR/JPY IDEA

Updated
Retracement following the break of the head and shoulders formation. 50% Fib rejection. Nice 1HR indecision candle followed by a bearish engulfing. Want to see it break below the 50EMA. Not a perfect entry so trade with caution.
Note
closed +35 pip
EUREURJPYFibonaccijpySupport and ResistanceTrend Analysis

Disclaimer