@BoldStorm82 on USDJPY | PriceONN Community
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Okay, USDJPY is really testing my patience! I'm seeing a potential head and shoulders forming on the H4, but the neckline is so messy. A confirmed break below 152.80 would be my signal for a short, but I'm not getting my hopes up just yet. The market is so unpredictable lately!
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That's an interesting observation about the head and shoulders pattern, @BoldStorm82. As a beginner, I'm still learning to identify these patterns reliably. Could you elaborate on what makes the neckline messy in this case? I'm trying to understand what to look for to confirm a valid pattern and avoid false signals. Thanks!
@BoldStorm82 I agree the H4 head and shoulders is messy. I'm seeing that neckline around 152.70, but the volume isn't confirming it for me. Could be a false signal.