FX:USDJPY   U.S. Dollar / Japanese Yen
Morning traders!

1H Chart

Have a great setup here with the possibility of multiple long positions.

With a current target of (4) breaking back into the wedge confirming (5)'s target, This is a great opportunity for PRO or Ameture traders looking to make a profit.

My tolerance for risk is sitting at about 85% upwards if my targets are reached.

Note: This setup has a 90% success rate. Thus i will be scaling my positions with my risk tolerance increasing with every position heading towards (5).
Comment: PLEASE NOTE: This pattern is Correct and is a perfect example of how 1(one) pattern alone with no analysis on different time frames is crazy.

"UNDERSTAND AND KNOW" the in's and out's of your patterns
Please be aware that to place 1(one) successful trade could mean an entire day or even week of analysis of just one pair.
Before you start trading, set half a day aside or even only an hour if need be to set your daily goals on conducting productive analysis.

This form of being self organised can drastically lower the risk on any position.
Hi, I would like to shout you a big thanks for putting this up today... I am a newbee and started trading live funds today and this chart has been a massive help and a fantastic confidence booster. Keep up the good work and look forward to hearing more from you. Kind regards BigBear74 (AKA Dave)
+1 Reply
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