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akizaku

Head and Shoulder Pattern in USDJPY

Long
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
akizaku  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Fibonacci Head and Shoulders akizaku meonproperty alvi iqbal budiarsya
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supportandresistance fibonacci headandshoulders akizaku meonproperty alvi iqbal budiarsya
Reasons for Open Position (OP) in USD/JPY currency on Thursday (18 November, 2020):

  • The Head and Shoulder pattern is in effect as it awaits the level of: 105.00
  • There is a Left Shoulder at the price level: 104.00
  • And a Head is formed at the price level: 103.130
  • For Open positions between price levels: 104.00 (recommended, not to float).
  • For take profit (TP) at the price level: 104.7, middle 105.03 and as high as 105.87
  • Regarding Stop loss at the price level: 103.10

Note to me: Every currency (like women) has a different technical (heart) and it is important for money management not more than 5% and Wednesday is the most suitable trading in USDJPY currency (in view).

What do you think, my beloved friends?
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