EUR/JPY.. Head and shoulder

5 thg 6, 2023

EUR/JPY pair looking like it's about to give us a head and shoulder formation. The left shoulder already formed at the 150.070 region, at the moment the right shoulder seems to be taking a queue at that same region. Being one who loves to take an entry on lower timeframe, I had spotted one on the 15mins timeframe (a pinbar, followed by a bearish engulfing candle).. EP.. 149.890. SL..150.100.. TP. 148.700.
Mind you, if you add your trendlines it gives a picture of a possible bearish channel about to begin.

MAY THE MARKETS BE WITH YOU!!!