Analysis:
I have identified a Head & Shoulders pattern forming in USDJPY, which historically signals potential bearish movement. The Left Shoulder area is between 149.000 – 149.300, and I am looking for short opportunities from this zone.
⚠️ Sometimes the market shows a fake breakout to trap shorts, so it is very important to wait for confirmation before entering. Trading is all about probabilities and patience.
Trading Plan:
📍 Entry Zone: 149.000 – 149.300 (Left Shoulder)
🛡️ Stop Loss: 149.900 (tight risk control)
🎯 Target: 147.000 (strong support zone)
Notes:
✅ Head & Shoulders is a reliable reversal pattern but needs confirmation
✅ Beware of fake breakouts – confirm before taking positions
✅ Small stop loss ensures better risk/reward
✅ Manage your risk and wait for market structure to validate the setup
📢 If you like this analysis, please like, comment, and share to support my work and help me bring more trade ideas to the community!
Regards: Forex Insights Pro.
I have identified a Head & Shoulders pattern forming in USDJPY, which historically signals potential bearish movement. The Left Shoulder area is between 149.000 – 149.300, and I am looking for short opportunities from this zone.
⚠️ Sometimes the market shows a fake breakout to trap shorts, so it is very important to wait for confirmation before entering. Trading is all about probabilities and patience.
Trading Plan:
📍 Entry Zone: 149.000 – 149.300 (Left Shoulder)
🛡️ Stop Loss: 149.900 (tight risk control)
🎯 Target: 147.000 (strong support zone)
Notes:
✅ Head & Shoulders is a reliable reversal pattern but needs confirmation
✅ Beware of fake breakouts – confirm before taking positions
✅ Small stop loss ensures better risk/reward
✅ Manage your risk and wait for market structure to validate the setup
📢 If you like this analysis, please like, comment, and share to support my work and help me bring more trade ideas to the community!
Regards: Forex Insights Pro.
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Disclaimer
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.
join our free signal channel t.me/ForexGoldpips81
Disclaimer
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.