This is my first Idea that i'm posting and i'm relatively new to this, so if anything is off or you disagree I'd love to hear your thoughts.
Price Seems to be forming a head and shoulders pattern and we can see that the right shoulder seems to be forming.
We should be looking for a potential sell soon at either the green trend-line marked or at the 134.5 Zone.
JPY is a good recession currency so we could see price going far down
I think price could go down to the 130 Zone and that is where my Take profit will be.
Id really appreciate feedback whether its supporting the idea or even giving me constructive criticism, any feedback will be great.
Price Seems to be forming a head and shoulders pattern and we can see that the right shoulder seems to be forming.
We should be looking for a potential sell soon at either the green trend-line marked or at the 134.5 Zone.
JPY is a good recession currency so we could see price going far down
I think price could go down to the 130 Zone and that is where my Take profit will be.
Id really appreciate feedback whether its supporting the idea or even giving me constructive criticism, any feedback will be great.