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Hovoz
Mar 27, 2024 6:50 PM

EURJPY BEARISH IDEA! Short

Euro vs Japanese YenFP Markets

Description

As we can see in H1 timeframe, a clear H&S (Head and Shoulder) pattern has been created. Market is now in a bearish trend.

Price is expected to make a re-tracement to the neckline, hopefully creating a Double Top pattern in M15 timeframe, continuing with our downward movement.

NB: This is just my analysis from past experiences, hence you need to exercise the use of PRM(Proper Risk Management!).

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