USD/JPY (Head and Soulder) where to enter?
Hi Traders,
According to above chart market broke the neckline of Head and shoulder pattern.
Broken neckline indicates Bearish bias.
So where we are Enter,
Current price ( at the retest level of neckline) @ $107.90
2nd Entry ( at the retest of broken structure) @ $107.10 or $106.85
Profit Target 1 @ $106.45
Profit Target 2 @ $105.33
Profit Target 3 @ $103.62
Place your stop as much as you can Risk on this trade.
As per my recommendation stop should be $108.90
kindly share your ideas in comment section.
According to above chart market broke the neckline of Head and shoulder pattern.
Broken neckline indicates Bearish bias.
So where we are Enter,
Current price ( at the retest level of neckline) @ $107.90
2nd Entry ( at the retest of broken structure) @ $107.10 or $106.85
Profit Target 1 @ $106.45
Profit Target 2 @ $105.33
Profit Target 3 @ $103.62
Place your stop as much as you can Risk on this trade.
As per my recommendation stop should be $108.90
kindly share your ideas in comment section.
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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.
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.