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USD/JPY IS WEAKER ON CHART !

Short
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
IG_TRADER  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Head and Shoulders head_and_shoulder USDJPY short SELL Bearish Patterns reversalpattern igtrader Contains image
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trendanalysis chartpattern headandshoulders head_and_shoulder usdjpy short sell bearish reversalpattern igtrader containsimage
USDJPY

usd/jpy forming a head and shoulder in daily chart which is reversal pattern going for bearish side.

Rules to enter the trade do not trade if you don't follow the rule before entering.


buy if price touch the neckline and take a support.

keep a proper stop loss and target will be the neck line marked on the chart.

if price not come to its neck line then its okay wait for the price to touch shoulder level

enter the sell side if u see a rejection from the shoulder level with a proper stoploss.

first target will be the neckline marked on the chart and the second target will be second line market around 126

Book profits on the target mentioned and if u have experiance in trading trail your stop loss and get the big wins.

That is all for USD/JPY. all the best to all of you have a profitable week.
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