USDJPY dump ahead (short-term signal)
Head and shoulders is one of the major and popular patterns that is known as reversal pattern too.
here we can expect a dump like the red arrow on the chart if the price stays below the neckline which is the yellow line on the chart.
if the price goes above the neckline then the pattern is invalid and the next resistance(major resistance on the char) may dump the price.
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here we can expect a dump like the red arrow on the chart if the price stays below the neckline which is the yellow line on the chart.
if the price goes above the neckline then the pattern is invalid and the next resistance(major resistance on the char) may dump the price.
((press like👍 if you enjoy + comment your opinion about the market or your thoughts, below this analysis))
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