EURJPY, Head & Shoulders formed, and the Neck Line is broken

EURUSD is preparing to break the neck line in preparation to dive. Later I will put targets where to take profits. Potentially, it could go down more than 500 pips.

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I apologize, above I meant EURJPY, and NOT EURUSD

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First Target is 122.379 as TP

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Second target is 115.15

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121.0 area will be a light confluence area

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We have not taken any trade yet, as the prices are bouncing off the support level, we would like to monitor if this is a sustained strong support or head back down. Few more days is required to take a decision on this.

Trade chiuso manualmente

gained 400 pips +

Razor1Fish

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