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roscotrader

U/J Head and Shoulders Forming Daily

U.S. Dollar / Japanese Yen (FX:USDJPY)  
roscotrader Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Chart Patterns
1
0
chartpattern
Reverse H&S forming Daily chart.Wait break of Neckline to confirm Pattern.Possible 270 PIP trade,but is against the current downtrend.Aggressive SL 105.80 conservative SL below Head @ 104.50 Big volume on R Shoulder.
Better to trade with the trend.Care with this one.
Comment:
Move SL up to 108.20
Comment:
Possible H & S forming.
Exit position and take profit.
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