UnknownUnicorn180388

USD.JPY - H&S Breakout = Potential Short Opportunity

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
Currency Pair: USD.JPY
Time Frame: Weekly, Daily, 4hr & 1hr
Predicted Direction: Short

USD.JPY updates will be available in the comments section below.

The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Comment:
A nice clean breakout, awaiting a consolidation period prior to a continued acceleration to the downside.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.