The price has successfully broken and stabilized above the neckline of a gigantic inverse head and shoulders pattern. I suggest two targets for the pattern, one conservative and one longer term target. Any pullback should be considered an oppurtunity to long on any shorter term confirmation.
if this H&S live-example didn't hold ... i shall consider removing it from my doctrine.
mcpeacocks
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nice one!
seems a few other XXXJPY pairs are breaking out to topside, including this one, AUDJPY and personally think GBPJPY is looking for a nice juicy long (after a pullback) as well:
cheers, keep it up and much appreciate you honestly sharing your journey!
jmuzy
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Very nice
Penyiasat
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GG already increase profit on my micro account. Oh yeahh..
plekus13
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De momento la reunión de la FED más tarde afectará la tendencia?
Penyiasat
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Yeahuuuu... Profit begin... Oh yeahhhh.. Scalping with usd1.55... Yeahhaaaa
mattytb84
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I'll be astonished if this occurs, already huge CAD strength baked in, the JPY would have to take a severe dump for 101 which would probably require stock markets racing ridiculously higher. Be lucky to reach 93 IMO especially with that gap down at 88. GL all
UnknownUnicorn1300833
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@mattytb84, True, but it looks like indices are about to go through the vertical blow-off phase of this ridiculously long bull market (bull markets never fizzle out, they go crazy vertical) and oil is basing for a big move upwards which would lend to the scenario above so might well occur and we may all be astonished
mattytb84
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@marberisking, Appreciate your thoughts, though I actually disagree and believe we are close to a top in S&P (2515) & DOW (22500) and the start of a crash in next few weeks. Only Yen pair i see potential for significant upside is the GBPJPY, because the GBP has the potential to do what the CAD has already done. Good Luck