AUDJPY – Inverse Head & Shoulder Breakout | Bullish Setup
AUDJPY is forming a classic Inverse Head and Shoulders pattern on the 5H chart, signaling a potential bullish reversal.
✅ Left Shoulder, Head, Right Shoulder are clearly established
✅ Neckline resistance has been tested multiple times
✅ Price is attempting a clean breakout above resistance
✅ If the breakout sustains, buyers could push towards 97.800 – 98.200 levels
Key Zones:
📍 Support: 94.500 – 95.000 (Demand Zone)
📍 Resistance: 97.000 – 97.500 (Neckline)
📍 Next Target: 98.000+
Always wait for confirmation (breakout and retest) before entering. Manage risk with proper stop loss below the right shoulder.
Inverse Head & Shoulder
Bullish continuation expected on breakout confirmation
✅ Left Shoulder, Head, Right Shoulder are clearly established
✅ Neckline resistance has been tested multiple times
✅ Price is attempting a clean breakout above resistance
✅ If the breakout sustains, buyers could push towards 97.800 – 98.200 levels
Key Zones:
📍 Support: 94.500 – 95.000 (Demand Zone)
📍 Resistance: 97.000 – 97.500 (Neckline)
📍 Next Target: 98.000+
Always wait for confirmation (breakout and retest) before entering. Manage risk with proper stop loss below the right shoulder.
Inverse Head & Shoulder
Bullish continuation expected on breakout confirmation
Trade active
Trade has been active ; Risk mange has properly
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$ FOREX / GOLD / BTC | Real Trades,Real Result | Risk-managed strategiesn &VIP Signal {My Personal Entries} Join Telegram _ Trade smater ||
📬 Join Free Channel:
t.me/profitmagnetpro12
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.