USDJPY | Long
Long @ 132.241
StopLoss @ 129.555
TP1 @ 133.686
TP2 @ 134.777
if Neck line of possible inverted H&S is breached
than
TP3 @ 138.992
USDJPY on daily time frame is honouring the Support Level @ 130.545 thus in the process its possibly making right shoulder of H&S pattern. Hence indicating the Bearish price action.
On 01 Hour chart 0.382% Fib Retracement has shown resilience, An inverted H&S is evolving thus indicting the short term Bullish move.
Price action @ TP1 and TP2 will indicate the direction.
Long @ 132.241
StopLoss @ 129.555
TP1 @ 133.686
TP2 @ 134.777
if Neck line of possible inverted H&S is breached
than
TP3 @ 138.992
USDJPY on daily time frame is honouring the Support Level @ 130.545 thus in the process its possibly making right shoulder of H&S pattern. Hence indicating the Bearish price action.
On 01 Hour chart 0.382% Fib Retracement has shown resilience, An inverted H&S is evolving thus indicting the short term Bullish move.
Price action @ TP1 and TP2 will indicate the direction.
Trade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.