OANDA:USDJPY   U.S. Dollar / Japanese Yen
What we are watching is a potential inverse head and shoulders pattern coming off a bullish cypher . We do not manually plot our harmonics we have software to
do it for us. Our settings are not set to true. So we do allow some tolerances in the patterns. And we do not trade off them alone. We look for confluence with
other things like fib level confluences ema crosses etc. We are monitoring the potential head and shoulders pattern that may develop at the end of the impulse
move. We wont be taking this pair long but we may close our shorts out prior to the stop levels we set. And by our count which is subjective we could be at the end of the internal wave 3.


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