As We can see, USD/JPY is forming Head and Shoulders Pattern. The Price is already breakdown the neckline.
Now I'm waiting the closing candle in H4 timeframe for the confirmation to entry.
Be Patience.
Now I'm waiting the closing candle in H4 timeframe for the confirmation to entry.
Be Patience.
Trade active
Although the last candlestick is not closed with a Bearish Engulfing Candle, but I still take this signal for entry the trade.My Stop is 1 ATR above the last candlestick.
Note
Risk to Reward 2,5
I Think, it's good enough
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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.