It's is absolutely clear that USD/JPY has began to loose the rising momentum and a formation of the right hand shoulder of the H&S pattern is right at the peak of the right hand shoulder.(H4).
I am expecting the last kick of a dying horse(swing high) at about 149.500 as my sell Entry zone all the way down to 146.500 satisfactory TP. The market may however take a wrong turn and head back to the 150.+ resistance zone so we'll take that as a potential hazard.
Do trade with caution and happy trading week.
I am expecting the last kick of a dying horse(swing high) at about 149.500 as my sell Entry zone all the way down to 146.500 satisfactory TP. The market may however take a wrong turn and head back to the 150.+ resistance zone so we'll take that as a potential hazard.
Do trade with caution and happy trading week.