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Tlokzino

USDJPY Bullish - H&S Set Up

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Tlokzino  
FX:USDJPY   U.S. Dollar / Japanese Yen
Chart Patterns Wave Analysis Trend Analysis
1
0
chartpattern waveanalysis trendanalysis
-On the 4H chart the pair has produced its first bullish wave and temporary retracement can be expected @PH or alternatively @R2 resistance line.

- As illustrated, the pair could be due to forming the last shoulder of the H&S reversal pattern, before the bullish trend is confirmed.

NB: Risk management should be applied to all trades.

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