Syedbilal

Inverse Head & Shoulders

Long
OANDA:USDJPY   U.S. Dollar / Japanese Yen
On the chart, we can see an inverted head and shoulders. An inverse head and shoulders pattern is a bullish chart pattern that forms after a downtrend. The pattern is completed when the price breaks above the neckline, which is a trendline that connects the high points of the two shoulders.

- Trend = Downward
- Divergence = Yes | Divergence found
- Pattern = Inverse Head & Shoulders
- Breakout/Confirmation = Waiting for it

Account Size: 10300
Risk Percentage: 1 + 1 = Total 2 Percentage

Amount at Risk: 103 USD
Sizing: 0.0897 Lots

Amount at Risk: 103 USD
Sizing: 0.0897 Lots

Total Amount at Risk: 206 USD
Total Lot Size: 0.17939

Entry Point: 131.8617
Stop Loss: 130.3567
Take Profit 1: 133.1120
Take Profit 2: 133.9000
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