PateSkpate
Short

USDJPY 60min Rising Wedge Breakdown

FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY             has been putting in this Rising Wedge Pattern. These tend to break to the downside. The Rising Wedge is also occurring at Resistance.

I'm waiting for the Break & Close out of the Wedge on the 60min before I enter.

Stops - 1 ATR Above the Breakdown Bar

Target #1 - Measured move of the Wedge

Target #2 - 78.6% Fib Retracement

You can you also use just purely Structure for Targets if that is what your plan says to do.

Best of Luck!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out