USDJPY has carved out some interesting technical patterns.
Currently, we have an at market Cypher Pattern.
I'm looking at the H&S pattern that formed at Strong Resistance and will looking to sell a rally back into the pattern. Targets are shown on the chart. Stops are 1 ATR above the right shoulder and plus a few extra pips to get my stops behind that random wick.
Best of Luck
Currently, we have an at market Cypher Pattern.
I'm looking at the H&S pattern that formed at Strong Resistance and will looking to sell a rally back into the pattern. Targets are shown on the chart. Stops are 1 ATR above the right shoulder and plus a few extra pips to get my stops behind that random wick.
Best of Luck