Fx_Trader_ViSa

USDJPY Inverted Head and Shoulder Pattern For Long.

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY has formed an inverted head and shoulder pattern, which indicates that we might see upside movement in USDJPY . According to chart pattern analysis, Long side Trade can be initiate at the current level with proper risk management and stop loss.

Thank You
Trade closed: stop reached

Comments

price failed to form a nice head and shoulder here, I remain bearish
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@FXCM, yes correct. it was just hedge bet against my previous two idea which are in profit now...
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Great analysis, I've got a long bias on UJ too
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Nice ideas!
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