USDJPY | 1H Timeframe | Looking to break bullish trend
167
Case for Bulls: - Overall Bullish Trend with HH and HL
Case for Bear: - Strong Divergence - Possibility of a H&S Pattern - Breakout on resistant - Sellers may get active - May is a Bearish month for USDJPY
Stance : Bearish Trading Plan : Wait and Watch on Break and if it make LH and LL then enter at the neckline support. Risk Reward ratio to be managed at 1:1