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osamanaseem

USDJPY | 1H Timeframe | Looking to break bullish trend

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
osamanaseem  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators
3
0
trendanalysis chartpattern indicator
Case for Bulls:
- Overall Bullish Trend with HH and HL


Case for Bear:
- Strong Divergence
- Possibility of a H&S Pattern
- Breakout on resistant - Sellers may get active
- May is a Bearish month for USDJPY

Stance : Bearish
Trading Plan : Wait and Watch on Break and if it make LH and LL then enter at the neckline support. Risk Reward ratio to be managed at 1:1
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