USDJPY Head and shoulders short

FX:USDJPY   U.S. Dollar / Japanese Yen
169 6 3
Taking a short trade here, have entered at 118.90 and target is about 118.00, distance from top of head to neckline. Placing a tight stop just above 119,00 as I feel it invalidates trade if price moves above that. Also interesting, the right shoulder itself was a head and shoulders pattern that completed, with a drop equal distance from the head to neckline. Sorry for messy chart, wanted to get idea quick, was using this for some scalping as well as other analysis. I did not hit that first target just wanted to show the measurement.
Very good call here. To the T
+1 Reply
Thank you :)
Great analysis mate!
+1 Reply
RobTaylorForex Pip_Alchemist
Thank you :) I can't believe I was literally bang on there lol
+1 Reply
and another Head and shoulders just completed from my entry Lol
RobTaylorForex RobTaylorForex
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out