ForexTrendline

Head and shoulders I Expect a break

Short
FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
USDJPY forms the figure Head and Shoulders. Currently, the price draws the right shoulder. In order to have a confirmed entry, we need to see a break of 105.10.

Don't confuse a test with a break! Break means closing below this level!

In most cases, we see a test of the level we expected to be broken. This is the best moment of entry.

Then we can expect the price to reach 104.15!

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