Possible Head & Shoulders formation in USDJPY
Updated
Hi All,
I'm already short in USDJPY 0.14% so holding on to my positions. However, in addition - I see H&S formation coming up - and a break of the neckline could be another good opportunity to short this pair..
Keen an eye and trade carefully! :)
I'm already short in USDJPY 0.14% so holding on to my positions. However, in addition - I see H&S formation coming up - and a break of the neckline could be another good opportunity to short this pair..
Keen an eye and trade carefully! :)
Trade active
The break of the neckline was steep and sudden - not sure if many of you were able to catch that, and this was one reason I was holding on to my shorts..However, retracements back to the neckline can be shorted again now...
Trade closed: target reached
Trade closed with good profits...
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