Get started
FahimLatif

USDJPY inverse H&S opportunity

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
FahimLatif  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis USDJPY jpy USD DJ FXCM Index dollar japaneseyen headnandshoulders Bearish Patterns
0
0
trendanalysis chartpattern waveanalysis usdjpy jpy usd usdollar dollar japaneseyen headnandshoulders bearish
After completing the Elliot Waves, the pair shifted in momentum and is currently in a downtrend.
We can see an inverse H&S getting formed and we can capitalize in the formation of the right shoulder as shown in the chart.
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.