on the 4HR timeframe USDJPY has formed a clear bat pattern now
on the lower timeframe we can see a nice potential double top forming.
IF price retraces down to the 115.000 level, there's an opportunity for a quick short scalp to yesterdays high of the day (HOD)
keep note, risk to reward isn't that great, must keep an active moving SL
on the lower timeframe we can see a nice potential double top forming.
IF price retraces down to the 115.000 level, there's an opportunity for a quick short scalp to yesterdays high of the day (HOD)
keep note, risk to reward isn't that great, must keep an active moving SL
Trade closed: target reached:
+16 pips
