A possible long opportunity on USD/JPY
Hi guys,
I want to share my vision of USDJPY.
I was looking at this pair for the last days and waiting for a nice trade opportunity, finally i found a great pattern that could make a lot of pips.
As you can see, we have a inverted Shoulder Head Shoulder pattern with a breakout of the channel, when a breakout happens, mostly i wait for a retest of previous resistance now support.
The only thing that i don't like at all is the NFP result which was horrible for the USD, this can lead to invalidate our inverted shoulder head shoulder pattern and bring the price back to 105.000 levels
Personally im going to wait for a candle pattern that gives me confirmation to enter.
Trade Safe!
Greetings,
D. Sayan
I want to share my vision of USDJPY.
I was looking at this pair for the last days and waiting for a nice trade opportunity, finally i found a great pattern that could make a lot of pips.
As you can see, we have a inverted Shoulder Head Shoulder pattern with a breakout of the channel, when a breakout happens, mostly i wait for a retest of previous resistance now support.
The only thing that i don't like at all is the NFP result which was horrible for the USD, this can lead to invalidate our inverted shoulder head shoulder pattern and bring the price back to 105.000 levels
Personally im going to wait for a candle pattern that gives me confirmation to enter.
Trade Safe!
Greetings,
D. Sayan
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