H&S on JPYINR 4H Chart

26 Ağu 2021

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.

29 Ağu 2021

İşlem aktif

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.