traderWgun
Long

Possible inverted H&S

FX:EURJPY   Euro Fx/Japanese Yen
177 5 0
The last up swing was in 5 waves. That means in most cases that the market has turned bullish again,
but it could also be a more complex pattern.

The market is starting to look like an inverted head and shoulders.
Two divergences on the MACD
ForceFollower
2 years ago
I've noticed you like playing with the 'pattern' tool. :-) Yes. I find this scenario highly probable.
Reply
traderWgun ForceFollower
2 years ago
yes it's better than drawing a line :)
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elizalibby
2 years ago
Agreed.. 141.69 confirms this move for me
Reply
traderWgun
2 years ago
Ok this is not working out. Close longs -50 pips.
Reply
...I'd wait until 141 is seriously breached...
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