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essammo

USDJPY potential inverse head and shoulders is forming

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
essammo Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Chart Patterns Trend Analysis USDJPY
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chartpattern trendanalysis usdjpy
Watching the price to pull back to 50 fab level and bounce up to break the down trend line before i enter long trade to the next supply zone. if level 50,61.80 did not hold and price was not able to break down trend line so this idea is not valid.
Comment:
Head and shoulders has failed but price is going up as predicted. I'm still in the trade until it hit target
Trade closed manually:
i closed the trade as I'm expecting major price drop back after FOMC rate hike.
Comment:
As expected rate hike boost USD but the news of Trump administration moving forward with tariffs on Chinese goods bring the USD down to earth
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