USDJPY inverse head and shoulder formed.buy signals
as you can see,USDJPY was forming pennant and the price has broke out of it last friday.
but chart has formed inverse head and shoulder which is buysignal.
So be ready to buy this shit up when it breaks the pink neckline of the inverse h&s.
i would personally recommend you to buy twice with 1/2 of the lot each time you make entry.
1st buy,,break out the neckline.and put 1/2 of the lot you wanna enter.Eg,if you make position with 0.5 lot normally then you enter 0.25 at once.
2nd buy,when the price break inside the pennant again.and put the last lot.Eg,buy with 0.5 lot which is remaining.
there is one more reason why i think the price will go back inside the pennant is that the candle stick.
you can see the daily chart,last friday the candle stick waas formed with pattern called sppining tops which is recognized as sign of tops and bottoms.
let me tell you abit of secret behind the head and shoulder.
it is highly trustworthy chart patterns and if you enter the position according to this chart patter,your risk and reward ratio will automatically be set up so it is quite easy way to win total if you use this shit.
but chart has formed inverse head and shoulder which is buysignal.
So be ready to buy this shit up when it breaks the pink neckline of the inverse h&s.
i would personally recommend you to buy twice with 1/2 of the lot each time you make entry.
1st buy,,break out the neckline.and put 1/2 of the lot you wanna enter.Eg,if you make position with 0.5 lot normally then you enter 0.25 at once.
2nd buy,when the price break inside the pennant again.and put the last lot.Eg,buy with 0.5 lot which is remaining.
there is one more reason why i think the price will go back inside the pennant is that the candle stick.
you can see the daily chart,last friday the candle stick waas formed with pattern called sppining tops which is recognized as sign of tops and bottoms.
let me tell you abit of secret behind the head and shoulder.
it is highly trustworthy chart patterns and if you enter the position according to this chart patter,your risk and reward ratio will automatically be set up so it is quite easy way to win total if you use this shit.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.