At a short time(1h), I see a potential bullish flag and a potential Bearish H&S Pattern.
Scenario 1:
If the upperline is braked & the 50% fibbonaci support, a potential bullish usdjpy to 118.00
Scenario 2:
If the lowerline is braked, most likely a bearish usdjpy with a target 1 of 113.50 and a target 2 of 112.00
Scenario 1:
If the upperline is braked & the 50% fibbonaci support, a potential bullish usdjpy to 118.00
Scenario 2:
If the lowerline is braked, most likely a bearish usdjpy with a target 1 of 113.50 and a target 2 of 112.00
Trade active
Shorting with a sl of 115.35.
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Disclaimer
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.