Long USDJPY Longterm H&S Formation Based on Daily + Weekly

With the completion of an inverted H&S formation on the daily and weekly time frames, we have the opportunity here to long the USDJPY for circa 500pips.

This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.

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Trade active:

Just over 100 pips up on this in two days.

Comment:

Closed 1 position, banked 218 pips profit. Moved 2nd position stop loss to break-even.

Trade closed: stop reached:

Stopped out at Break Even on second position. Banked 218 pip profit on first position.