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Henrik-SMCTrading

USDJPY, 15min, Falling wedge

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Henrik-SMCTrading  
FX:USDJPY   U.S. Dollar / Japanese Yen
Chart Patterns Wedge USDJPY patterntrader patterntrading
2
1
chartpattern wedgepattern usdjpy patterntrader patterntrading
This is a thought trade within a falling wedge, where we expect a structural downward movement to the bottom of the wedge.
Tight SL and target price down at both the wedge bottom, 113% fibonacci extension of previous bearish leg as well as previous structure.
Provides a good R: R ratio.
Henrik Siverhall
SMC Trading

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