themdtrader

USD/JPY - Breakdown Confirmation or Recovery to Upside?

FX:USDJPY   U.S. Dollar / Japanese Yen
USD/JPY just experienced a volatility explosion with a push to the upside from the wedge pattern I showed in the video. I'm bearish here, but I need to see if the big players and I are on the same page. Instead of throwing in a trade before any kind of signal, I am waiting for the trade to set up properly. This currency pair can just as easily recover with a strong breakout of the resistance level but it is unclear right now whether bears or bulls are controlling price movement.

Looking for a break of the 111.100 level to the downside, or a recovery breakout of the 111.500 level. For now, it's a waiting game.
Stay tuned!
This is a very informative man! I’ve checked what you’ve been doing and I think pairing it with Spectro Indicator as a strategy would make this even more successful. You should give it a try.
Reply
themdtrader leohanson2018
@leohanson2018, I am content with my strategy but thanks!
Reply
leohanson2018 themdtrader
@themdtrader, You're welcome. Just let me know if you want to try it out. I'd love to help.
Reply
themdtrader leohanson2018
@leohanson2018, I'm all set, thanks!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out