I've just sold USDJPY based on the idea that this *possible rising wedge will come hard down after the wrapup of the US Congress Elections.
The 30% is usually a good reversal level which supports my idea of a bearish reversal.
If you take a look at the daily chart, you can see a possilbe head and shoulders being formed.
Of-course the trade idea has weaknesses too, but I believe that we will see a weak USD after the end of the elections in the US
The 30% is usually a good reversal level which supports my idea of a bearish reversal.
If you take a look at the daily chart, you can see a possilbe head and shoulders being formed.
Of-course the trade idea has weaknesses too, but I believe that we will see a weak USD after the end of the elections in the US