A perfect Head and Shoulder formation just completed on EURJPY
I've been watching this pair today and found a beautiful Head and Shoulder forming on the 4H chart.
Now the neckline is broken.
My strategy wants me to wait for the completion of "wave iii" and buy the pair at the "wave iv".
This is just for a more conservative entry.
The target from the classic guidelines is the height of the head to the neckline which projects to 140.26 and the Stops will go at the bottom of the right shoulder at 136.3
Have fun.
Now the neckline is broken.
My strategy wants me to wait for the completion of "wave iii" and buy the pair at the "wave iv".
This is just for a more conservative entry.
The target from the classic guidelines is the height of the head to the neckline which projects to 140.26 and the Stops will go at the bottom of the right shoulder at 136.3
Have fun.