High Probability trade of the day
Long EUR/JPY @ 141.40
Target 142.50
Stop Loss: 140.90
Notes:
Bullish divergence observed on the 15 min chart
Possible inverse Head and Shoulders Formation
Price broke above the cloud (Bullish in 15 min)
High-beta names feels a bit heavy at this point after a big run since mid of May. In Netflix, after it borke up bear chanel, it had a nice and clear move following the 8-day EMA from $350 to $475. It failed to hold above previous high $458. Right Shoulder was re-test of this resistance that is still in tact. Entry Short on break of neckline around $433-$434 could...