EURJPY: Inverted H&S, Descending Channel Breakout Long

Euro Fx/Japanese YenFXCM

Description

⋅ May 24, 2020 3:50 PM

BUY OPP!

Had a nice break out of the descending channel followed by a pull back just shy of the 50 fib. I would like to see price drop a little bit more to retest channel resistance, which also has a 61.8 fib confluence.

Trend Analysis Chart Patterns