RobTaylorForex
Short

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.
snapshot
and another Head and shoulders just completed from my entry Lol
Reply
RobTaylorForex RobTaylorForex
snapshot

Reply
Great analysis mate!
+1 Reply
RobTaylorForex Pip_Alchemist
Thank you :) I can't believe I was literally bang on there lol
+1 Reply
Very good call here. To the T
+1 Reply
Thank you :)
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out