I'm hedging this trade, short to the 50% fib area then a long. I see USD weakness, but I see the JPY weakening more. Inverse H&S on the daily, trading this small scalp to the downside and a limit order to long. Let's get to it this "weak" 1% Risk, 2:1RR -Happy Trading!
Comment:
And there is the break of the neckline, I didn't get the pullback to my desired 50% Fib level, I will look to get into this trade near the neckline of the daily Head & Shoulders.
I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.