EUR/JPY - Possible H&S | Daily chart
Hey guys, as some have already noticed there seems to be a head & shoulders pattern forming on the daily chart. The 200MA acts as a resistance level for the shoulders along with some structure earlier this year.
It all corresponds with the butterfly I posted earlier, so if it breaks around the 133.190's we might be looking at a drop to somewhere around the 132,500's (the D point of the butterfly).
Keep in mind though we had a massive fight earlier this year around this level which might be a cause for some disturbance.
Let me know what you think!
Thanks in advance and happy trading
It all corresponds with the butterfly I posted earlier, so if it breaks around the 133.190's we might be looking at a drop to somewhere around the 132,500's (the D point of the butterfly).
Keep in mind though we had a massive fight earlier this year around this level which might be a cause for some disturbance.
Let me know what you think!
Thanks in advance and happy trading
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.