Anbat

EURJPY- H&S pattern

Short
FX:EURJPY   Euro / Japanese Yen
5
BB indicator is making a "SQUEEZE", appears to be going to blow out from bear-side. How to measure break out from an H & S pattern is, measure from the neckline to top of head of pattern, then on breakout PA should at least go that far down, which is 121.00 area on chart. Price action is below noted 50 ma, but not below 20 ma ( on BB indicator), if you want to be conservative, wait for close below 20 ma, before trading to bears. Stay safe & happy trading.
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