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U.S. Dollar / Japanese Yen

USDJPY SHORT ANALYSIS

By pfloresperez23
Updated
Price recently broke my 4 HR support line and it now retesting that line. Price made a double top around my daily support line (where I marked the HH's) then followed up with engulfing candlesticks . Bears in control and I set the green highlighted mark as my target.
Note
Right shoulder is forming on the 4 HR. Head and shoulder set up coming along. Still excpecting a sell
Note
Head and shoulders was formed on the 4HR. Entered in the 1 HR after price touched my daily support line(hot zone) and bearish engulfing showed up. Target is still the green mark.
Harmonic PatternsTrend Analysis
pfloresperez23

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