nxtleveltrader
Short

USDJPY Headed back down?

FX:USDJPY   U.S. Dollar / Japanese Yen
39 1 4
Thinking of shorting the currency here as it kisses the wedge pattern its just broke out of goodbye. What are your thoughts everyone?
***UPDATE*** We entered at the breakout of the smaller wedge but have now taken profits at the bottom of this greater wedge the currency is stuck in. As you can see there will be a nice opportunity to trade this pair either way once it breaks out. Shouldnt be long as it is bottle necking now!
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