Cup and handle formation playing out on USDJPY 4H timeframe, leaning towards continued shorts.
Handle is currently taking formation after breaking a 1H upward trendline as seen on the chart.
Sells can be found immediately or upon retest of base of the cup and handle formation, which could potentially see +200 pip take profits.
Always trade cautiously and with appropriate risk management.
Like if you agree with this setup, and happy trading!!!
Handle is currently taking formation after breaking a 1H upward trendline as seen on the chart.
Sells can be found immediately or upon retest of base of the cup and handle formation, which could potentially see +200 pip take profits.
Always trade cautiously and with appropriate risk management.
Like if you agree with this setup, and happy trading!!!