USDJPY is moving on đąsupport zone(139.10 JPY-137.60JPY)đą.
Also, USDJPY has managed to form an Inverse Head and Shoulders Pattern in the support zone.
I expect USDJPY to start growing after completing the pullback to the neckline and at least touch the đŻtargetđŻ of the Inverse Head and Shoulders Pattern.
đSince the Regular Divergence(RD+) between the right and left shoulders is clearly visible, this point adds to the validity of the Inverse Head and Shoulders Pattern.
đAnother sign that increases the validity of the Inverse Head and Shoulders Pattern is that the momentum of USDJPY approaching the neckline is greater on the right shoulder than on the left shoulder.
đ U.S.Dollar/Japanese Yen Analyze ( USDJPY ), 4-hour time frameâ°.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the â ' like'â button đđ & Share it with your friends; thanks, and Trade safe.
Also, USDJPY has managed to form an Inverse Head and Shoulders Pattern in the support zone.
I expect USDJPY to start growing after completing the pullback to the neckline and at least touch the đŻtargetđŻ of the Inverse Head and Shoulders Pattern.
đSince the Regular Divergence(RD+) between the right and left shoulders is clearly visible, this point adds to the validity of the Inverse Head and Shoulders Pattern.
đAnother sign that increases the validity of the Inverse Head and Shoulders Pattern is that the momentum of USDJPY approaching the neckline is greater on the right shoulder than on the left shoulder.
đ U.S.Dollar/Japanese Yen Analyze ( USDJPY ), 4-hour time frameâ°.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the â ' like'â button đđ & Share it with your friends; thanks, and Trade safe.
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Kommentera:
USDJPY was able to break the neckline.
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