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bcstonecipher

Possible inverse head and shoulders

Long
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
bcstonecipher Updated   
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns
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trendanalysis chartpattern
Scenario one plays out a inv. head and shoulders on a slant. Second scenario accounts for the actual support of the first shoulder. Take profit zones are used for scale-out or re-entry.
Comment:
Well that was quicker than I had expected. Tp 1 hit, some decent resistance here.
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