aslamhammad

EUR/JPY H4 Rising Wedge

Short
FX_IDC:EURJPY   Euro / Japanese Yen
Well it looks like a rising wedge type pattern....Hence current conclusion==short

Short @ 137.90 (76.4% Fib)
TP 1 @ 137.10 (4th wave expected first support)
TP 2 @ 136.50 (max target for 4th wave)
SL @ 139.90

Later we can try to rebuy @ 137 and try to catch the 5th wave upto 141 :)....With SL 135Yen





Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.