A continuation head and shoulders pattern has been confirmed on hourly chart of USDJPY. My plan today is short again on USDJPY at market (currently is at 112.556) with 112.280 as target and 112.139 in extension.

Be careful if the market managed to break above 112.878 because it will turn the bias to bullish and possibly will push USDJPY up to 113.036-113.107.

Plan: Sell on continuation head and shoulders pattern confirmation; target at 112.280 or 112.139


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.