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EURJPY Head And Shoulders Pattern on H1

EURJPY Head And Shoulders Pattern on H1

EURJPY Technical Analysis: The pair completed a Head & Shoulders pattern on the H1 Chart. Bearish reversal is predicted. Our trade setup is as follows:

Trade: Short

Entry: 126.360 ( Market Price )

Entry 2: 126.460 ( Retest of the broken neckline )

Stop: 126.000

Target 1:126.200

Target 2:126.900

Update: Targets Reached. Trade is closed. Our main EURJPY short trade validated at 126.900 based on Bullish Bat pattern is still active

 

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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

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EURJPY: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

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