Similar to the Head and shoulders
short trade that I took on the GBPNZD
1h chart, I think that a similar move can be expected here on the USDJPY
1d time frame. We have a prevailing bearish trend
and a pretty good risk to reward using the projection from the height of the pattern; a profit target at the 1.27 ext would yield just better than a 1:t risk to reward for a more conservative approach as well. What do you think?