Broke out strongly from the inverse H&S, but facing a potential resistance of the down trend line.
Will wait for further consolidating and coiling between the trendline and the broken H&S neckline. Then trade the break of the trendline.
If market continues to break higher from here, wait to trade on continuation ...
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.
Market previously had a false break to the upside before rolling down and broke previous swing low.
Currently hovering below broken swing low (previous near term support).
Looking for short below the blue line.
This market has moved downward with increasing speed since being rejected at key resistance zone.
Passed the opportunity to short from the first pullback yesterday as the potential support zone 51.6 from Daily is nearby.
Waiting for shorting opportunity from this second pullback to 20ema or re-test of broken support.
At interesting location at the moment.
If market consolidates around this zone, will look to buy on breakout.
If market just break out without consolidating further, will just wait for pullback after breakout.