USD/JPY 60MIN HEAD&SHOULDERS PATTERN Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ Sep 1, 2015 2:35 AM

There's a break in the neckline in this head and shoulder pattern and a break below the current swing low. I would wait for a retest of the 121 - 121.08 handle before shorting. I drew up a two possible targets. Good luck trading.

Comments

ChrisThein

⋅ Sep 1, 2015 4:30 PM

Looking for a retrace back to 120.70-120.80 before continuing to the downside.