Hi traders,
we have open USDJPY long position as we believe market will try to create right shoulder (of H&S pattern), this often times happens on the top, when the market's trend is about reverse. Risk is relativelly small (orange diagonal support area) with potencial to retest previous swing high. Once the candle will close below support area, the trading idea is invalidated and we will look for shorting opportunity.
Happy trading,
TrendScalpingEA team
www.trendscalp.com
we have open USDJPY long position as we believe market will try to create right shoulder (of H&S pattern), this often times happens on the top, when the market's trend is about reverse. Risk is relativelly small (orange diagonal support area) with potencial to retest previous swing high. Once the candle will close below support area, the trading idea is invalidated and we will look for shorting opportunity.
Happy trading,
TrendScalpingEA team
www.trendscalp.com