USDJPY HEAD & SHOULDERS DOUBLE REVERSAL PATTERN
Aktualisiert
This morning we conducted a very good lesson on the 
USDJPY talking about how the market leaves clues & it's up to us as traders to uncover these hidden gems & use them to find quality trading opportunities. In this USDJPY example the two clues that we uncovered were the potential for 2 reversal patterns.
The first clue was a retest of previous structure highs and a hold of that resistance level.
The 2nd clue is the potential head & shoulders pattern that is now setting up.
There's also a Cypher pattern from the Daily Chart, but technically this pattern formation has been invalidated.
Getting ready to record a video on this pair where we can take a deeper look at things, but this is certainly a selling opportunity that will be on my radar heading into tomorrow's trading day.
Akil Stokes
Trade Empowered
"plan your Trade, Trade Your Plan"
USDJPY talking about how the market leaves clues & it's up to us as traders to uncover these hidden gems & use them to find quality trading opportunities. In this USDJPY example the two clues that we uncovered were the potential for 2 reversal patterns.The first clue was a retest of previous structure highs and a hold of that resistance level.
The 2nd clue is the potential head & shoulders pattern that is now setting up.
There's also a Cypher pattern from the Daily Chart, but technically this pattern formation has been invalidated.
Getting ready to record a video on this pair where we can take a deeper look at things, but this is certainly a selling opportunity that will be on my radar heading into tomorrow's trading day.
Akil Stokes
Trade Empowered
"plan your Trade, Trade Your Plan"
Kommentar
We've gotten our break of the neckline, which confirms the head and shoulders patternKommentar
Currently recording a follow up video on this pair, I'll be posting an update chart as well
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