@moonrise71 on USDJPY | PriceONN Community
Okay, so I'm thinking about setting up a short position on USDJPY. I'm looking at the hourly chart, and it seems like there's a potential head and shoulders pattern forming. If it confirms, I'm planning to enter around 157.50 with a stop loss at 157.80. My target profit would be around 157.00. This is a pretty tight range, but I'm trying to scalp a quick profit. Does anyone else see this pattern, or am I just imagining things? Any feedback would be appreciated!