EURO with the upper hand against YEN

FX_IDC:EURJPY   Euro / Japanese Yen
388 5
Quite a very simple trade, Markets are closing today but without a doubt eyes are on this Baby on Market open. When shifted to the H4 Timeframe, an inverse Head and Shoulder is spotted and already has been broken and might be heading to the target price 123.5328 which was measured from the Head to the neckline and so to find out it is equal to the previous resistance level highlighted in Yellow.

It is almost impossible for this pair to create a fake out because every confirmation you need on an Inverse Head and Should was a success. If we calculate the ration it is a total of 1:54 which is beyond good for us, so our stop loss can be placed at 121.3406 which is on our Shoulder.
Great idea, check mine and let me know how you think.

Samnzimande FXCM-EDU
@FXCM-EDU, simple and beautiful
Great idea! check mine and let me know how you think!
Samnzimande FXCM-EDU
@FXCM-EDU, Love this
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