Hello Traders
USDJPY Formed a H&S Pattern And then break the line and pushed the price to the down , now we can see that price is trading in a bearish flag or can be look as a retest of the res zone.
Based On these reasons i think that we can go for short to 104.400
for better entry and better R:R Go to the lower time frames and stick to your plan.
Comment Below If You think it does not make sense.
(i will update my ideas after my entry)
USDJPY Formed a H&S Pattern And then break the line and pushed the price to the down , now we can see that price is trading in a bearish flag or can be look as a retest of the res zone.
Based On these reasons i think that we can go for short to 104.400
for better entry and better R:R Go to the lower time frames and stick to your plan.
Comment Below If You think it does not make sense.
(i will update my ideas after my entry)
Trade closed manually:
20 Pips Profit
sl at BE
sl at BE
Trade closed: target reached