inverse H&S on usd/jpy ,5 min, starting 8pm last nite,$1.50 move would give spx nice rally,i'm sort of what if on h&s patterns but need to watch em
The 15 min close was an obvious sell, long entry was at key pivot area with pa determining stop and exit strat. 4 pt stop was below range of entry bar from close of enty bar and provided good r/r considering time givin for oscilation of pivot and chance to exit before stop could be triggered on at least part of position. 10:30 close below pivot on weak 5 min bar allowed exit of remainder of position with no loss on trade. Breaking 68-72 and looking for a move to 88.75, stil play the long side.