The right shoulder needs to drop in order for the HS to be valid. Overall the 4 hour and 2 hour charts are showing a downward staircase pattern. I am expecting this to drop. My SL on this trade is invalid per the indicator and I will be monitoring this trade closely and I will determine when I want to call it. I am anticipating the short to occur in the next month or so.
This is a long term sell call for OANDA:USDJPY
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