USDJPY seems to form a local inverted head and shoulders means bullish sign.
so if the blue area on my chart holds has strong chance to break out above the baseline.
closing below the area increases the odds of more decline.
main support and resistance levels are on the chart.
Enjoy the market
so if the blue area on my chart holds has strong chance to break out above the baseline.
closing below the area increases the odds of more decline.
main support and resistance levels are on the chart.
Enjoy the market
Trade closed: stop reached
below the area and baseline is bearishNote
although my main call was long however mentioned about the blue area and closing below the area took us to next support level nicely.
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Related publications
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.