Here we have a nice head and shoulders setup on the 1h chart for USD/JPY. This is a very simple selling opportunity, we would be looking for an entry below the neckline but I would wait for the close of the candle before getting in!
I will be looking to close out this trade in profit between 111.700 and 111.500, always remember to keep risk low and never get greedy!
I will be looking to close out this trade in profit between 111.700 and 111.500, always remember to keep risk low and never get greedy!
Trade active:
Entered at the close below 112.800.
Trade closed manually:
Closed out in profit at 112.250, right before the bullish move.
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