hey guys! im really excited because my last USDJPY analysis of the inverse head and shoulders pattern totally played out the way i expected it to.
This week im seeing a rising wedge occurring and being at the bottom of the wedge, just above the support support line, i'll be looking for a TP at the top of the wedge around 108.200.
Then i'll be waiting for a bearish breakout of the wedge taking us back down to around 107.900.
Hope this plays out! Cheers!
This week im seeing a rising wedge occurring and being at the bottom of the wedge, just above the support support line, i'll be looking for a TP at the top of the wedge around 108.200.
Then i'll be waiting for a bearish breakout of the wedge taking us back down to around 107.900.
Hope this plays out! Cheers!
Trade closed manually:
It's bouncing off the resistance too much and just retested so I'm closing this out and opening a SELL