U.S. Dollar / Japanese Yen
Long
Updated

potential cup/handle forming on USDJPY

support 111.701, all bets off if falls to 110.80 area. AD showing brief head and shoulders pattern, which Imho is going to create handle, if support holds. Short the handle, long the support, buying the breakout
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1min cup/handle monitoring for continuation snapshot
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needs to hold as support snapshot
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3min spike crossed over, this needs to continue all the way to the daily spike level snapshot
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5min spike level in route snapshot
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15min level snapshot
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15min chart working on cup/handle can see it on a 5min time frame w/ a bigger cup snapshot
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15min cup/handle snapshot
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could see 1hr target for profit taking snapshot for today's action
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looking for a re-test of trend line on 1hr for breakout snapshot

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