VasilyTrader

USDJPY: Trading Plan For US Session

Short
FX:USDJPY   U.S. Dollar / Japanese Yen

USDJPY is currently trading within a strong zone of confluence:
we see a perfect match of a daily horizontal resistance, resistance line of a falling channel and minor 4h/1h structure.

once the market reached a boundary of the channel, the price has formed a h&s formation.
yellow area is its neckline.
I want to see 1H candle close below that to initiate short.

goals:
105.09
105.0


in case of a new higher high higher close above the head, setup will be invalid

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