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mirditapaul828
Nov 12, 2018 9:49 PM

Short the EURJPY - Daily Short

FX:EURJPY1D
Euro Fx/Japanese YenFXCM

Description

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Head and shoulders with the perfect time to short as it finished the shoulder portion of the pattern.

Very confident in this due to the following factors:

  • - MACD: Blue signal will cross under the orange signal
    - Clear head and shoulders pattern
    - Red candlestick under the 20 day MA

Support and ResistanceHead and ShouldersshortEURJPYeurjpyshortEURjpy
Comments
Domsax48
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Yeah, pretty obvious. Currently we see a retest, but I'm also bearish here on the long run.
mirditapaul828
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@Domsax48, yea definitely, it's a good position trading opportunity. I'm not looking to day or swing trade this (assuming no crazy news is presented about the pair or single currency)
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