I'm not even sure if this is valid but the way I see it, this is a potential Inverted Head and Shoulders pattern spotted on USDJPY daily chart.
Wait for break and retest of the neckline first before entering LONG on this trade. If the setup is valid, this will bring back USDJPY to 118 level.
Please trade with caution.
Wait for break and retest of the neckline first before entering LONG on this trade. If the setup is valid, this will bring back USDJPY to 118 level.
Please trade with caution.
Note
Entered this trade with LONG order at 111.900
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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.