USDJPY SELL IDEA
Cup and handle formation playing out on USDJPY 4H timeframe, leaning towards continued shorts.
Handle is currently taking formation after breaking a 1H upward trendline as seen on the chart.
Sells can be found immediately or upon retest of base of the cup and handle formation, which could potentially see +200 pip take profits.
Always trade cautiously and with appropriate risk management.
Like if you agree with this setup, and happy trading!!!
Handle is currently taking formation after breaking a 1H upward trendline as seen on the chart.
Sells can be found immediately or upon retest of base of the cup and handle formation, which could potentially see +200 pip take profits.
Always trade cautiously and with appropriate risk management.
Like if you agree with this setup, and happy trading!!!
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.