head and shoulders pattern on dollar yen

hey traders,

as I posted earlier this week, the dollar yen pair reached a significant level of structure making me looking for counter trend opportunities.
Now we see nicely formed head and shoulders pattern.
I will be waiting for violation of a neckline to sell the market.
Target is based on structure.

good luck!

Commento:

test of neckline

Commento:

Market is standing on structure

Commento:

breakout

Commento:

going down

Trade chiuso: obiettivo raggiunto