Hello traders, this is an idea for USDJPY. Nice double top on the 4 hour time frame. Two possible scenarios.
1. Price could retest and go long to form a nice head and shoulders and then retest neckline (111.200) and go short from there. 2. Price can breakthrough 111.200 and retest 111.000 and then go short from there.
If you agree, give this chart a like and follow for more
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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.