200PIPs Buy Opportunity

FX:EURJPY   Euro / Japanese Yen
Classic Head & Shoulders Pattern. Buy the correction if price breaks neckline and Enjoy the profits! SL should be placed under the correction upon trendline violation.
Comment: Price is pushing hard against the trend line. We shall see what tomorrow holds whether we’ll get a break or reversal signal. Remember, be patient.
Comment: Trend line broken on the 4H. If today’s candle closes above neckline. We should be good to enter the trade next week.
Comment: Absolute CLEAN BREAK on daily time frame. Let’s wait for the correction beginning next week and then PROFIT TIME!
Comment: Alright everyone, ready for the pull back? Price is touching the 200EMA on the Daily time frame which could very well trigger the correction wave down to retest the trend line to provide us with an entry to go long! Let’s see what today and tomorrow holds.
Order cancelled: Price never provided a correction wave for an entry. Aggressive breakout with no pull back. Take profit area would've been just around the corner. We'll get it next time.


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