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VasilyTrader
Oct 5, 2018 1:02 PM

head and shoulders pattern on dollar yen Short

U.S. Dollar/Japanese YenFXCM

Description



hey traders,

as I posted earlier this week, the dollar yen pair reached a significant level of structure making me looking for counter trend opportunities.
Now we see nicely formed head and shoulders pattern.
I will be waiting for violation of a neckline to sell the market.
Target is based on structure.

good luck!

Comment

test of neckline

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Market is standing on structure

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breakout

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going down

Trade closed: target reached

Comments
pelu.adejugba
Nice chart! Seeing the move already
VasilyTrader
@Pelu.adejugba, thank you! I moved my stop to secure position!
acogwell11
sir what about the swing high at ~113.80?
VasilyTrader
@acogwell11, sorry, dont get your que
Chintalp1
Thanks man!
VasilyTrader
@Chintalp1, you are welcome!
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