U.S. Dollar / Japanese Yen

Updated

Is buying Yen a good idea?

I see some clear trading marks in this timeframe.
Ultrashortterm Inverse H&S - Trigger = 111 --> TP 112,2/112,9-->114,5
Shortterm H&S: Trigger 108,85 --> TP 108/105,3/103,25

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no micro inverse h&S anymore - formed the right shoulder of the real bearish H&S

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kissing the neckline = triggerevent

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but rsi says that we will perhas snap a bit up an than a decision has to be made....

Note

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Trade active

H&S triggered and active

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rsi is signalizing a retest of the neckline

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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.