Jaxpx

USDJPY INVERTED H&S POTENTIAL?

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
(This is an idea) after playing around.
-The current market sentiment is in a downtrend.
-Price has already made a Left shoulder & a Head for this structure.
-4H chart; Price holds at green zone resistance, so a potential ADAM/ADAM DOUBLE TOP:
-Price is below the 200 EMA .
-15minute chart: Harmonic pattern formation:
Comment: See the wedge:
Comment: See the triangle:
Comment: Of course, the right shoulder can be smaller and usdjpy can break neckline to go higher. However, I believe its early due to the expanding wedge formation.
Comment: Price has moved significantly higher, could be on the rise.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out