USDJPY Long ... possible 7-mth Rectangle breakout, cup&handle
This may be the week we breakout of this 7-month USDJPY rectangle.
Going down to the 4-hour timeframe we also see a nice cup & handle launching pattern... may see a signal this week.
USD look strong across the board, so choose your trades wisely... do not want to bet too heavily on the Long USD horse.
Total risk on the same side of highly correlated markets should be under 2% for my taste, so a max of 2 USD crosses in this case....
$USDJPY
Going down to the 4-hour timeframe we also see a nice cup & handle launching pattern... may see a signal this week.
USD look strong across the board, so choose your trades wisely... do not want to bet too heavily on the Long USD horse.
Total risk on the same side of highly correlated markets should be under 2% for my taste, so a max of 2 USD crosses in this case....
$USDJPY