Get started
Norsefx

USDJPY Inverse head hand shoulder pattern.

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Norsefx  
FX:USDJPY   U.S. Dollar / Japanese Yen
USD (US Dollar) Head and Shoulders LONG patterntrading
0
0
usd-us-dollar headandshoulders long patterntrading
The UsdJpy is now trying to form a inverse head and shoulder pattern.

Price tested the 1.27 fib ext level from yesterdays move.
We got news in 50min.
A break of the 55MA would signal a move to the upside.
Right now i am just watching the pair and adjusting my stoploss levels for my active shortpostions..
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.