FreshOilTrader

USDJPY: H&S or Double Top on Daily. How to trade it?

FX:USDJPY   U.S. Dollar / Japanese Yen
I would prefer to short a pair only after 44&77SMAs will crossed on Daily chart .
Trade active: So... Is it H&S (long) or Double top (short)? Let's wait and see what market does.
Comment: 44&77SMA still were not crossed
Trade active: Look like H&S after all
Great chart & brave. But I know it will go up to 118.465 from right shoulder to fibo 161.8. The tp is 118.465 @daily
+1 Reply
FreshOilTrader khosrooparviz
@khosrooparviz, thank you for your comment. I prefer not to guess rather to wait and see what market does. Cheers!
Reply
khosrooparviz khosrooparviz
@khosrooparviz, see this chart:
Reply
FreshOilTrader khosrooparviz
@khosrooparviz, I have understood your view.
Reply
No cross yet it seemes !! If reached 115.70 area retracement affordable. Fundametals Dollar bidded vs JPY!!
+1 Reply
USAS_INC USAS_INC
Reply
@USAS_INC, thank you for a chart. Double top/bottom is usually very strong pattern, so I suppose that if price breaks it (not false) we could see a strong impulse till a H&S completion.
Reply
@USAS_INC, Indeed, no cross and last HA candle seems to be bullish. I would prefer not to hurry with sells until at least cross happens or HA getting red:
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out