USDJPY-Weekly Market Analysis-Jul19,Wk3

Given a choice, I will not gunner for a head and shoulders bottom, a bearish bat with a bullish shark at the same time.

It is what it is as all these 3 opportunities are valid. Let just look at the head and shoulders bottom setup, a great retracement that gives me the opportunity to engage the trade as a counter-trend setup.

Whether to stretch the target to the bearish bat shorting opportunity is another story but its possible. Not forgetting at this moment there is an RSI divergence. Does this setup give you a scare, I don't. 1) Trade what you see
2) Follow your trade plan