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USDJPY Inverse Head And Shoulders Pattern Formation Update: TP1 Reached

USDJPY Inverse Head And Shoulders Pattern Formation

Description: Chartraderpro finds a completed Inverse Head And Shoulders Pattern on M30 Chart. Bullish continuation is predicted.

Trade Period: Intraday

Pair / Instrument: USDJPY

Time Frame: M30

The trend in the Timeframe: Neutral

The trend in the Daily Chart:  Bullish

Trade Based On: Inverse Head And Shoulders Pattern

Accuracy: %85

Recommended Lot Size: 0.06@ 10 K Account with 1:100 Leverage

Trade: Long

The Area Of The Entry: 112.500

Stop Loss: 112.000

Target 1: 112.700

Target 2: 112.900

Target 3: 113.100

What to Pay Attention:

You can view the setup: USDJPY HEAD AND SHOULDERS

TP1 Reached 20 Pips

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

USDJPY Head And Shoulders: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

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