Market pulled back to the previously rejected resistance zone.
Potential bearish hikkake setup to be triggered below 85.35, which will coincide with break of trendline.
However, will be careful in adding exposure to JPY pairs. GBPJPY and NZDJPY still running.
Hikkake pattern setting up at potential resistance zone in H4.
However, market has been making higher lows and possibility of break out higher is definitely there.
Target 1: around the trend line.
Target 2: above potential support zone.
Good area to look for short as bullish traders may have been trapped trying to buy on breakout.
Those who have shorted below 1.041 may also have been washed out.
Target here is just 1st target to TP for half position.
Now just wait for market to suck me in.