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
Looking for 100-150 pips on this one.
@PipsOfPersia
t.me/pipsofpersia
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