H&S on JPYINR 4H Chart
Updated
JPYINR is completing double Head & Shoulders pattern on the 4H chart. Break of this baseline would be highly bearish for the currency pair. Otherwise, if this line is held, we can see strong bullish action as well.
Good time to wait and watch and take a trade when either side seems strong.
Good time to wait and watch and take a trade when either side seems strong.
Trade active
We got a good bullish rejection in the form of an inverted hammer followed by a decent fall. Good short trade captured with trailing SL at 0.6710.
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