orvilleawright

USDJPY (4H right shoulder of head and shoulder pattern completed

FX:USDJPY   미국 달러 / 일본 엔
USDJPY (4H): After double bottoming (on Sept 27) at the 100.00 support zone, price moved sharply higher and is now back at previous resistance. Price has broken the rising wedge and has retested the bottom of the wedge as well as the 50 SMA. This is also the right shoulder of the head and shoulder pattern. My downside targets would be the 103.25 (Previous weekly open/swing low) then 102.8x (38.2% retrace/ 127.2 ext/ swing low). I would not buy at this level. I would wait until price break (above 104.64) through and retest the overhead resistance. Or look for buying opportunities if price reaches the previous weekly low at 102.8x.

I may trade all, some or none of the ideas posted. All of my contributions are for educational purposes only. 'TRADE What You SEE'' and all the best!
면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.