Possible head and shoulders pattern if it breaks and tests the line. Not the reason why I'm in now just another observation I came across. Looking to scale in if analysis plays out and momentum shows itself. USD showed strength on other pairs while consolidated, for the most part, on UJ. Be patient and wait for your setups. target subject to change if downside move is strong.
Trade closed: stop reached
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H&S pattern broken no longer valid. Price is near the top of a previous high. Waiting to see how it reacts here.