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tntsunrise
Nov 30, 2020 9:07 AM

EURJPY 200 pips Trading Plan Long

FX:EURJPY1D
Euro Fx/Japanese YenFXCM

Description

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EURJPY 200 pips Trading Plan

EURUSD break up Neck line of 124.70
and completed the Head and shoulder Pattern
Therefore we can buy eurjpy
and aim 126.50 and above

Sl below 123.80

Trade closed: target reached

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Head and Shoulders
Comments
cryptdee
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Hello - why didn't you start your H&S from 126.48? It seems its just going back to structure and could be a sell

Timi1313
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@cryptdee, Why do you want to sell. with inverse Head and Shoulder? I agree with 126.48 but why sell.
cryptdee
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@Timi1313, it looked like a sell to me as it hasn't broken the neckline according to my analysis.
I will only buy when it breaks and retests the neckline of the H&S, so for now, I still see it as a sell..
Timi1313
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@cryptdee, True, very correct. Thanks
MichiganP
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you guys dont see the liquidity sitting over those equal highs ?OB? you focusing on the wrong things
cryptdee
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@IcyVeinsNicoo, yes and that's why I have a £ at the top if you look closely
Artaslam
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@cryptdee, h&s means up it's rule I think so
cryptdee
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@Artaslam, There are two types of H&S. The normal one (if the neckline is broken it goes down)...... the inverse one (if the neckline is broken it goes up. You should not enter a trade if the neckline is not broken
Artaslam
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@cryptdee, ok
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