USDJPY
Time Frame: H4
Technical Analysis: The price has formed trend reversal formation "Head & Shoulders" at retracment zone of support at 50%- 55% Fibo from upside movement started on 21.08.2018.
Indicators: The price is above 50 & 200 MA ; the 200 MA zone supports the "neckline"of the formation at ~112.50 ,which supports bullish scenario.
Dem(14): We don`t have any signals from the indicator.
Вход: Aggressive enter is at 112.30-112.50. Conservative enter will be after clear signal from "Japanese Candle stick" theory around "neckline" zone of the "Head & Shoulders"
SL: 111.80
Alternative scenario: If the price close below 55-DMA the bullish scenario will be terminated and the focus will be on support zone at 100 DMA.
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