USDJPY - MULTIPLE OPPORTUNITIES

Jun 25, 2020

One of the more interesting pairs on my radar this morning is the USDKPY as it offers 3 different trading scenarios.

1 - We currently have a double top at previous structure (looking left) which can be used as an at market short entry.

2 - A violation of this double top (and previous structure looking left) should sen the pair higher to the next level of structure offering a bullish breakout or breakout & pullback trade.

3 - If the market does retace from the current level, price may complete the right shoulder of a potential head & shoulders bottom pattern offering a bullish opportunity at either the right shoulder or a break of the neck line

Jun 25, 2020

Note

*USDJPY not USDKPY lol