TAS
Short

USDJPY Double Head and Shoulders

FX:USDJPY   U.S. Dollar/Japanese Yen
616 4 22
After price broke the trendline inside the Head it made a smaller H&S on what I predict will be a larger H&S.
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6lol9
2 months ago
nice chart!!
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TAS 6lol9
2 months ago
Thanks man, let's see what it does, that one goes through the elections
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AlexJaensson
2 months ago
Hey TAS! I have just shorted this pairing, as the head and shoulders set up looks really good! I'm hoping to trade this much shorter term however, and my T/P is set at 103.488. Do you think there is a good chance price will find support soon, and reverse temporarily, or do you see this as a stronger bear move all the way to the bottom of the right shoulder ?
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TAS AlexJaensson
2 months ago
Hi. Based on the ATR I think it will only get to 103.488 Monday. This is the movement I see it may happen
snapshot
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