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PateSkpate
Jul 14, 2017 2:44 PM

USDJPY 60min H&S Pattern + @MKT Cypher Short

U.S. Dollar/Japanese YenFXCM

Description

USDJPY has carved out some interesting technical patterns.

Currently, we have an at market Cypher Pattern.

I'm looking at the H&S pattern that formed at Strong Resistance and will looking to sell a rally back into the pattern. Targets are shown on the chart. Stops are 1 ATR above the right shoulder and plus a few extra pips to get my stops behind that random wick.

Best of Luck
Comments
AwakeTraders
i agree with you... sell on strength... see weekly chart
PateSkpate
@shanofibo, Thank you for sharing.
rozela99
Trade Ideas look great. I need to go review your EURAUD to see how it did. Just curious are you still using Edgewonk for journaling?
PateSkpate
@rozela99, EURAUD got blown up!! But thanks for the positive feedback. Yes, I'm still using Edgewonk.
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