Shaun Lee said his best pick is USDJPY short til 111.000 and I made my analysis based on his call and it looks legit to me to at least post analysis here, my advice don't stay for to long cuz there is a trend line which will probably get spiked but if she doesn't we might not fill 111.000.
Practice analysis I'm not trading, gl.
On H4 time frame you can see a pin bar followed by doji candle, indicating lower high is former so I would say it's a good short position, also don't want to be to greedy to aim for lower low but It's possible.
Do note that I'm doing this to stay in the charts and train, not trading on real now.
There will potentially be a better entry for short, closer to 1.78000 making SL smaller, but this looks fine for me, although I'm not trading this, this is just for my practice.
Expecting 1.78000 to hold and melt down like last time.
Maybe not a best time for scalping , considering its Friday, but i think it's doable.
USDCAD could potentialy start falling to 1.31500 so I think it's good time to try some scalping.
SL is small since I'm looking for a clean break.