EURJPY Head and Shoulders Pattern on the 4H chart, signalling change of trend. Break of the trendline which is also the neckline of the head and shoulders pattern. CCI has already broken the zero level and already in the bearish zone. At the bottom is a 200MA which is more likely to provide support if the pair indeed breaks the neckline.
FX_IDC:XAUUSD just broke out of the channel to the topside and formed an inverse head and shoulders pattern. Expecting price to retest the inverse head and shoulders neck line followed by a strong bullish move targeting at least 1240 area which is also a strong resistance level and 200MA level.
Good luck guys.
