USDJPY | Long
Long Entry @ 136.779
StopLoss @ 134.337
Target price 1 @ 138.180
Target price 2 @ 139.831
The Price action is retracing the Fib Levels of Bearish rally in Dec 2022 start and more likely can test the neckline @ Target Price 01 of inverted Head & Shoulder in making.
if failed to Breakout the neckline then exit the trade for taking Short position, else the Target Price 02 is more likely.
DowTheory
Fib Retracement
Chart Patterns
CandleStick
Long Entry @ 136.779
StopLoss @ 134.337
Target price 1 @ 138.180
Target price 2 @ 139.831
The Price action is retracing the Fib Levels of Bearish rally in Dec 2022 start and more likely can test the neckline @ Target Price 01 of inverted Head & Shoulder in making.
if failed to Breakout the neckline then exit the trade for taking Short position, else the Target Price 02 is more likely.
DowTheory
Fib Retracement
Chart Patterns
CandleStick
Trade closed: stop reached