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USD / JPY 121.516 0.26 % SHORT IDEA * H&S FORMATION πŸ’‘πŸ’΄πŸ’΅πŸ“‰ for OANDA:USDJPY by PULEMokhothu

HELLO EVERYONE

HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE.

NEW WEEK, NEW OPPORTUNITIES.

LOOKING AT THE DOLLAR / YEN

* The PAIR has been trading in a Ascending channel , just tested the roof of this structure after that extending this move with a strong bullish rally towards the upside, Then saw that beautiful correction with the bears after that resistance hit.

– Short term the pair is consolidating creating the right shoulder of the head and shoulder formation.

– Looking for short entries on the THE PAIR going into next week, A break below of the support of the range and close will be the trigger for this trade amongst other things.

BREAK ABOVE AND BULLISH MOMENTUM INVALIDATES THE SET UP.

Scaling to lower time-frames for entries probably 1H and lower upon break below.

Here’s what we have on the 1H

lets see how it goes

IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE

SMASH THAT LIKE BUTTON & LEAVE A COMMENT.

ALWAYS APPRECIATED

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* Kindly follow your entry rules on entries & stops. |* Some of The idea’s may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.

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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD – SWING TRADE

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