EURObull
Long

Gorgeous Head and Shoulders Pattern Forming

FX:EURJPY   Euro Fx/Japanese Yen
The right shoulder is now being "built" and is usually a bit lower than the left shoulder. Drew the parallel yellow lines as possible long targets and potential places to go short.

Remember that the most recent EUR/JPY             head and shoulders pattern was "broken" and a powerful long followed. This could also apply here as well. We will see how they continue to build this right shoulder. For now, to all those in control of this market, very nice artwork!
also you could look at the last 3 peaks that we have had as a three pattern dive. first with a 1.272 extension along with the second and a 1.618 with the third. Might be bending the rules with that, but its what im playing.
Reply
EURObull Saoldric
It is quite possible. Just be careful we do not have another "broken" head and shoulders pattern. EUR/JPY has been bullish since mid-March. How far down do you think EUR/JPY is headed?
Reply
initial target of around 131, secondary of around 122.
Reply
EURObull Saoldric
Wow, that's impressively bearish! Great short from last night. This area we are at right now (133.90's) are incredibly important for future direction. Have a great day and weekend.
Reply
Ive had a long term short bias since the start of the year. imo i think we have already passed the decision point for future short term direction. To me that level was 134.8. Enjoy the beautiful weather ;)
Reply
EURObull Saoldric
Cool. It's awesome how markets are made, really have a great passion for the charts. Blessed and grateful for the gorgeous weather, thanks so much!
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out