USDJPY H&S + TREND + S&R
Updated
The Dollar-Yen is looking for a continuation of the longtime uptrend. D and 4HR timeframes show potential continuation after rebounding off said trend-line. A look on the 1HR Chart has shown an Inverted Head & Shoulders candlestick pattern. The bearish retracement of the most recent swing of the uptrend has came to consolidation on the 61.8 Fibonacci Level. Target at 112.855, Stop at 111.900. Trade at your own risk.
Comment
Currently 50+ pips above entry. Please move stop loss to breakeven OR to profit. This is now a risk free trade.Trade active
Trade closed manually
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.