Δευτέρα 7 Δεκεμβρίου 2015

Technical Analysis USD/JPY

USD/JPY is in a strong resistance area on H4 chart and forming a potential Head & Shoulders reversal pattern on M5. If a pattern gets completed with downturn of the price and formation of a right shoulder, I recommend shorting at the break of the neckline at S1. Trade should give us at least a 1:2 R:R or more.

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