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JordanWillson

EURJPY H4 *Potential Head & Shoulders Pattern*

Short
Euro / Japanese Yen (FX:EURJPY)  
JordanWillson  
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators EURJPY eurjpyshort eurjpysignal eurjpytrade eurjpyprediction eurjpyforecast eurjpysell eurjpyanalysis eurjpyidea
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trendanalysis chartpattern indicator eurjpy eurjpyshort eurjpysignal eurjpytrade eurjpyprediction eurjpyforecast eurjpysell eurjpyanalysis eurjpyidea
Currently have what looks like a retracement on the downtrend with EURJPY, up to the 50% zone. It is also sitting around a support / resistance at this level too, there is the potential for a head and shoulders pattern to complete, with indicators showing the bull power slowly running out. This could start the final leg of the right shoulder. I will be waiting for a break of the neckline and re-assess how it looks then, if it is all good then I could short down to the supply / demand zone which has been proven to be a strong turning point for this pair over the past few weeks.

NFP today to so it could blow everything out of the water!
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