IsaacYeo
Short

EURJPY 15MINS Short on Head and Shoulders strategy

FX:EURJPY   Euro Fx/Japanese Yen
17 0 0
Simple head and shoulders pattern formed with a well-defined neckline.

Technical
-Head and shoulders, right shoulder formed
-MACD Reversal approaching

Take profit
-1:1 ratio from neckline to head
-Might want to take some position off beyond first line of resistance(look left, structure leaves clues, consolidation between 114.617 114.732

Stop loss
-Above right shoulder
-Might want to adjust to 115.000 for stop loss, strong psychological resistance.

*For self-reference/educational purpose. NOT investment/trading advice.
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