EURJPY - FORMING A POTENTIAL HEAD & SHOULDER PATTERN

EURJPY has shown some weakness this past few days and failed to trade higher above its previous weekly high (PWH). We saw a break and retest of Aug 6 PWH, down to a level (124.426) acting as support.

I expect to see a potential head and shoulder pattern formed which will also give us an opportunity to short this pair @ 125.376 level, pushing price lower down to 123.000.

Entry level : 125.376 || 125.576

Stop loss @ 125.859

Tp1 : 124.000
Tp2: 123.000

Happy Trading Week.
Chart PatternseujpyanalysisEURJPYeurjpyshort

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