Head and Shoulder Pattern in USDJPY

18 thg 11, 2020

Reasons for Open Position (OP) in USD/JPY currency on Thursday (18 November, 2020):

• The Head and Shoulder pattern is in effect as it awaits the level of: 105.00
  
• There is a Left Shoulder at the price level: 104.00
  
• And a Head is formed at the price level: 103.130
  
• For Open positions between price levels: 104.00 (recommended, not to float).
  
• For take profit (TP) at the price level: 104.7, middle 105.03 and as high as 105.87
  
• Regarding Stop loss at the price level: 103.10
  
  

Note to me: Every currency (like women) has a different technical (heart) and it is important for money management not more than 5% and Wednesday is the most suitable trading in USDJPY currency (in view).

What do you think, my beloved friends?