USDJPY: H&S or Double Top on Daily. How to trade it?
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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.
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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
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@khosrooparviz, thank you for your comment. I prefer not to guess rather to wait and see what market does. Cheers!
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No cross yet it seemes !! If reached 115.70 area retracement affordable. Fundametals Dollar bidded vs JPY!!
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@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.
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@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:
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