USDJPY Renko Head and Shoulders(ish....)

USDJPY - Head & Shoulders Forming

The left shoulder and head has been formed and price looks steady to form the right shoulder. Ideally a bullish brick at 103.050 will make is ideal to trade the following ways:

1. Short from 103.050, stops at 103.485 and targeting 100.005
2. Short from 101.745, stops at 103.050 and targeting 100.005

The risk/reward varies for both, but ideally, i'd start with a smaller position at the top and build into the trade accordingly.

Bear in mind that this trade set up is valid only when a bullish renko is printed closing at 103.050