USDJPY: Your Trading Plan 🇺🇸🇯🇵

Short

U.S. Dollar / Japanese Yen (OANDA:USDJPY)

OANDA:USDJPY U.S. Dollar / Japanese Yen

headandshoulders fibonacci mtfa usdjpy yen japaneseyen priceaction priceactionanalysis priceactiontrading priceactionstrategy

USDJPY is approaching a horizontal daily supply area.

To short the market with a confirmation, watch a head & shoulders pattern on 4H.
135.95 - 136.35 is its horizontal neckline.
Wait for its bearish breakout - 4h candle close below,
then, sell aggressively or on a retest.

Target will be 134.28

If the price sets a new high, the setup will be invalid.

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USDJPY: Your Trading Plan 🇺🇸🇯🇵

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