Short EURJPY Short Term based on 30M + 1H Charts H&S Pattern

I have a longter term Short setup for the EURJPY but here we see a shorter term H&S pattern setup forming for anyone interested in a shorter, possible intraday trade. Wait for a break of the neckline before entering and a more conservative approach would be to wait for a pullback and re-test, however, from experience we know this does not always happen.

If you are interested in a more longer term trade, check out my related idea for a longterm short on the EURJPY with potential of around 200pips.

This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.

Please comment below and Like if you agree with my analysis.

Transaction en cours:

Pending sell order now in place.

Commentaire:

We are now in this trade with SL above peak of right shoulder.

Trade fermée: cible de profit atteinte:

Smashed it!! :)