Had a few frustrations the past couple of days with dicking around with too deep retrace entries after a setup has confirmed (and consequently missing the move), so in this instance, I am looking to front run a small iH&S on the 30 minute chart.....would advise that anyone else who likes the idea of a USDJPY bounce trade, waits for more solid price structure to form.
However, giving the craziness and volatility in the markets the past few days, this could move fast, and RSI has signalled that the range reversal is on the cards (which doesn't necessarily mean that price has bottomed yet).
However, giving the craziness and volatility in the markets the past few days, this could move fast, and RSI has signalled that the range reversal is on the cards (which doesn't necessarily mean that price has bottomed yet).