FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY as shown in Daily timeframe showing a head and shoulders pattern. Various entry points are marked up but the best zone to enter would be closest to the indicated H4 swing high and that point rests at 0.618% of the H4 swing high; 30 pips risk for a potential higher gain if entered at good time.

Recommended practice would be to set up call level alert at various fib levels as well as have a limit order at the indicated 'short position' mark in the H1 chart and only cancel the limit order if you notice any new patterns forming.


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