USDJPY INVERTED H&S POTENTIAL?

9 thg 10, 2019

(This is an idea) after playing around.
-The current market sentiment is in a downtrend.
-Price has already made a Left shoulder & a Head for this structure.
-4H chart; Price holds at green zone resistance, so a potential ADAM/ADAM DOUBLE TOP:

-Price is below the 200 EMA.
-15minute chart: Harmonic pattern formation:

11 thg 10, 2019

Ghi chú

See the wedge:

11 thg 10, 2019

Ghi chú

See the triangle:

11 thg 10, 2019

Ghi chú

Of course, the right shoulder can be smaller and usdjpy can break neckline to go higher. However, I believe its early due to the expanding wedge formation.

25 thg 10, 2019

Ghi chú

Price has moved significantly higher, could be on the rise.