USDJPY (Head and Shoulder)
The market is making a Head and Shoulder Pattern on the Weekly and Daily TF. I also saw that the 1D Demand Zone was mitigated and pushed the price until it reached the height of the Right Shoulder.
It is possible that the price will go down to the demand zone and form a range and go straight down to the second zone (Drop-Base-Drop).
It is also possible after the price reach the demand zone and form a range and push upward (Drop-Base-Rally) to create a new Lower High (LH) and push the price down to the second zone.
It is possible that the price will go down to the demand zone and form a range and go straight down to the second zone (Drop-Base-Drop).
It is also possible after the price reach the demand zone and form a range and push upward (Drop-Base-Rally) to create a new Lower High (LH) and push the price down to the second zone.
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