USDJPY pair finally complete the head & shoulder pattern. And for a month all traders are confused to analyze the direction of USDJPY pair. But now you can see that the above hour chart shows that the price almost near to complete the pattern, and ready for a strong breakout up or downside in a few hours.
For a good explanation, I put three lines, which is R1, R2 & S1. It means that if USDJPY break 'a' wave then we have two targets for booking profit R1 and R2 . But if price breaks the 'b' wave then the profit target is S1 .
So guys be careful for this good high probability opportunity and keep the pair in your watch list.
For a good explanation, I put three lines, which is R1, R2 & S1. It means that if USDJPY break 'a' wave then we have two targets for booking profit R1 and R2 . But if price breaks the 'b' wave then the profit target is S1 .
So guys be careful for this good high probability opportunity and keep the pair in your watch list.