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PipsOfPersia

EURJPY - Simple setup!

Long
Euro / Japanese Yen (FX:EURJPY)  
PipsOfPersia Updated   
FX:EURJPY   Euro / Japanese Yen
Chart Patterns Beyond Technical Analysis EURJPY headnandshoulders
2
0
chartpattern beyondta eurjpy headnandshoulders
Very simple setup on H1 EURJPY, inverted Head and Shoulders formation, supported by my bearish expectation for JPY

Looking for 100-150 pips on this one.

@PipsOfPersia

t.me/pipsofpersia
Comment:
snapshot

Trade idea still valid, but since we have US and China trade wars, JPY could potentially be invested into quite heavily as a safe haven.

Provided the trade wars calm down a bit, wait for a H4 double bottom or a fake breakout to the downside + indicator convergence
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