potential head and shoulders pattern

hey traders,

on dollar yen pair we have nice trading sentiment to focus on:
while the market is still in a clear bull trend and the previous market high 114.5 is still not reached,
we see that each bullish impulse from 26th of October is becoming weaker and weaker.

now we see a potential formation of head and shoulders pattern,
I am looking for a bearish breakout of neckline to sell the market,
for target I took a range of a pattern and projected it.

however, remember that this opportunity is a counter trend trade,
so be patient and wait for clear signal!

good luck

Bình luận:

right shoulder still is not completed

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violation

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market is going down

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almost hit the target