USDJPY. Potential Inverse H&S forming

An inverse Head & Shoulders to be confirmed for USDJPY pair. This should put an end to a downtrend and raise the USD to 120s again.

Please notice I will enter only if a formation will be competing, if there is no H&S, it is a non-valid trading idea!

Would long on 108
SL: 106
TP1: 113
TP2: 116
TP3: 121

Kommentera:

Approaching 108 figures, will buy there

Handel aktiv:

Trade activated and stopped several time. Now I'm in since 107.8. If you are in, move the trade to profitability: there are lot of bearish and bullish signals and technicals are showing 105

Kommentera:

Slowly going up

Handel aktiv:

Closed with a minimum profitability and re-opened again with the same targets. Moved to profitability

Kommentera:

It finally goes up. Hopefully, this IS a run I´ve been looking for

Handel aktiv:

Heading in the good direction! Potential TP1 is at 100.50

Handel aktiv:

Tooks some profits at 111.

Haven´t counted pips for the movement to be honest... From 107.63 to 111.78, how many pips would that be? =)

Trade stängt manuellt:

Covered Long at 111.800. Worked out well although the development of the H&S is under question. Have to see the pair evolution