glennmercer
Short

USDJPY Short: Wolfe Wave, Head and Shoulders to Bullish 2618

FX:USDJPY   U.S. Dollar / Japanese Yen
221 1 12
Hey Traders! A potential head and shoulder pattern has presented itself on the 1H chart. A 15m wolfe wave gives us a good entry point on the 15 chart and allows for a tight stop above the right shoulder which happens to be point E on the WW. Targets can be set at .886 on the rising wedge and the 2618 entry which is confluent with .786AB=CD.
Happy Trading!
GM
Trade closed: target reached: T1 Reached
NICE !!!!
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