morning analysis. trade idea USD/JPY
Short idea.
2 Resistance lines approach.
Looks like it's forming a head and shoulders. Yet to confirm.
RSI looking like it's going to make Lowe Highs (LH).
Waiting on 2 speeches that could confirm or defer this idea.
If candle closes below previous low and RSI hits the red line. Short idea confirmed.
Risk reward ratio 3/1.
2 Resistance lines approach.
Looks like it's forming a head and shoulders. Yet to confirm.
RSI looking like it's going to make Lowe Highs (LH).
Waiting on 2 speeches that could confirm or defer this idea.
If candle closes below previous low and RSI hits the red line. Short idea confirmed.
Risk reward ratio 3/1.
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