USDJPY Bullish
DAILY> H&S pattern identified
> price is currently trading at neckline of right shoulder
>RSI just above 50 in the upward direction
4HR> initial rejection of neckline
> price found support at 108.450 level
PREDICTION> IF price breaks and closes above neckline, THEN i predict price to continue upward to the next level of res (109.700)
If price rejects this then i have no entry.
> price is currently trading at neckline of right shoulder
>RSI just above 50 in the upward direction
4HR> initial rejection of neckline
> price found support at 108.450 level
PREDICTION> IF price breaks and closes above neckline, THEN i predict price to continue upward to the next level of res (109.700)
If price rejects this then i have no entry.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.