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USDJPY H&S alert

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13 years 4 weeks ago #3574 by Jackozy
Replied by Jackozy on topic USDJPY H&S alert
This is risky as it's not at a natural resistance but is this pair's run finally coming to an end?



dl.dropbox.com/u/20815047/USDJPYdaily28_01_13.gif

It's exactly at the 161.8% Fib extension of the initial rise shown by the arrow. It's got a triple RSI divergence but that could easily break out. Perhaps it's best to wait for a lower high and then look for an hourly downtrend channel resistance to enter short, or simply wait until it gets to a support before going long.

Why oh why did I not let my long from 79.25 run?
The following user(s) said Thank You: remo, Broad-rock

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13 years 1 month ago #3451 by Rossymc
USDJPY H&S alert was created by Rossymc
Just a heads up.
Right shoulder forming




RMc
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