DMequities

UJ H&S Fake out: Short term Long

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FX:USDJPY   美元 / 日圓
Price completed abc correction into big figure 109/Bullish order block
Impulse move out of base
Correction above 111
H&S formation, i believe its a fake out
Price has broken short term Trend Line in H&S Pattern
i expect price to run to the next big figure 112/Resting stops and from there price could potentially run to 113 as the DXY continues to gain momentum

entry 111.163
Target 1: 112
Target 2: 113

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