Fxprotrader

EURJPY: Bearish Divergence & Pending H&S

Short
FX:EURJPY   Euro / Japanese Yen
Almost in the same concept with my USDJPY andlysis (link below), price in EURJPY is developing a H&S pattern and my focus is on joing a sell trade at the highest level possible. Swithing to the 240min chart we see a downsloping median line set where the upper quartile has acted twice as resistance. In case price reaches it start watching for a sell setup completion and cross yopur fingers waiting for the H&S to complete. A bearish divergence adds to our analysis that price is about to sell off

240min chart:
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