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
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel www.youtube.com/c/VasilyTrader
💰Instagram: www.instagram.com/VasilyTrader/ 💰
✅Facebook: www.facebook.com/VasilyTrading/ ✅
❗️YouTube Channel www.youtube.com/c/VasilyTrader
💰Instagram: www.instagram.com/VasilyTrader/ 💰
✅Facebook: www.facebook.com/VasilyTrading/ ✅