BOREARIS

USD/JPY Head & shoulders 4 hour

USD/JPY 4 hourConfirmed Oct 23, 05:00 UTC+8
LSNHNRSConfirmedClosedInvalid 158.663156.929Neck 156.909Confirm 156.757Target 1 156.190Target 155.624━ MA20 + Bollinger Bands ━ MA50 4 hour70503041.47━ RSI ━ 9MA0-0.40━ MACD ━ MACD Signal10/07 21:0010/12 05:0010/14 13:0010/16 21:0010/21 05:0010/23 13:00
LSNHNRSConfirmedClosedInvalid158.663156.929Neck156.909Confirm156.757Target1 156.190Target155.624━ MA20 ━ MA5070503041.47━ RSI ━ 9MA0-0.40━ MACD ━ MACD Signal13 13:0016 21:0022 05:00

Gold line = the pattern's swing points; gold box = the confirmation candle; coloured lines = target and invalidation; blue = confirmation price.

Head & shoulders: First target, then break-even

Target155.624
First target156.190
Confirmation156.757
Invalid at158.663
Move+0.18%

Timeframe4 hour
ConfirmedOct 23, 05:00
ClosedOct 23, 09:00
Duration8.0 h
Reward / risk0.59

What this tells you

Three highs with the middle one tallest; a break below the neckline often signals the end of an advance.

Check it on the live chart

← All chart patterns · Other patterns for this market · Key levels and research for this market · How to read patterns

Swing points

PointTime UTC+8Price
Left shoulderOct 12, 21:00158.748
NecklineOct 13, 13:00157.822
HeadOct 14, 21:00158.945
NecklineOct 15, 21:00157.538
Right shoulderOct 20, 09:00158.600
ConfirmationOct 23, 05:00156.757

Recently closed Head & shoulders patterns: 2 in total, 2 reached the target first (100%), 0 were invalidated and 0 expired (small sample). Results by pattern →

Chart patterns are technical reference points, not trade recommendations. Past results do not guarantee future outcomes; trading involves risk.

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