I'm hedging this trade, short to the 50% fib area then a long. I see USD weakness, but I see the JPY weakening more. Inverse H&S on the daily, trading this small scalp to the downside and a limit order to long. Let's get to it this "weak" 1% Risk, 2:1RR -Happy Trading!
Note
And there is the break of the neckline, I didn't get the pullback to my desired 50% Fib level, I will look to get into this trade near the neckline of the daily Head & Shoulders.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.