As you see USDJPY penetrate the daily fallen Trend Line, and the re-tast happened for trend line then a head and shoulders formed for long setup so we can book our long positions after the re-taste of the nick line for small target 1:1 until the touches of Demand area above.
When the price touch this Demand Area we will start to scan for short positions with big targets
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.