nikitafx
Long

EUR/JPY IH&S still works (Nikita FX )

FX:EURJPY   Euro / Japanese Yen
343 2 0
EUR/JPY             has two kinds of technical pattern right now.
1 triangle breakdown however stop at the Good Support
2 IH&S neckline already broken and reversed down into the triangle

from my view point of wave analysis, ABCDE correction within a larger triangle
is still effective. Then IH&S neckline will be boken once more.
Even if the Good Support will be breakdown, its downtrend will be at IH&S's LS & RS             line

Nikita FX ( http://climbingfx.jugem.jp/ )
also, this is the 5th leg inside the triangle and breakout usually occurs soon thereafter (sometimes 6th but you know what i mean). so double top points down and with 5th leg, i will be looking for entries to play the downside.
Reply
the H&S you're pointing out is tentative at best. much more important IMHO is the double top. if it pans out, price will go to 137 levels in short order.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out