U.S. Dollar / Japanese Yen

Long

USDJPY reversal

By ScottyPierce

Updated

After take profit of 110.762 Head and shoulders pattern will reverse our short downtrend to a uptrend forming another Head and shoulders on the Day chart for a Long Term trade...

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USDJPY update
wait for break on neck line then continue upwards and follow trend

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waiting for the break now well see a reversal in trend
jump in after the break of the neck line on the head and shoulders pattern

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neck line broke now trend will continue upwards.
First TP zone around 112.559

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so Trend broke the neck line and is now in an uptrend

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retest of neckline in head and shoulders.
Continuation of uptrend

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