MMBTtrader

USDJPY dump ahead (short-term signal)

Short
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Head and shoulders is one of the major and popular patterns that is known as reversal pattern too.

here we can expect a dump like the red arrow on the chart if the price stays below the neckline which is the yellow line on the chart.

if the price goes above the neckline then the pattern is invalid and the next resistance(major resistance on the char) may dump the price.

((press like👍 if you enjoy + comment your opinion about the market or your thoughts, below this analysis))

My Free telegram channel:
t.me/mmbtchannel

VIP channels:
Forex:+400 Pips and Crypto +245% monthly PROFIT VIP CHANNELS.
check the pinned message in telegram for more info and plans.
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.