exploration

Falling Wedge Strategy USD/JPY 132 move Probability

FX:USDJPY   U.S. Dollar / Japanese Yen
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Setup: Trade when price action breaks out of the top of the Falling wedge 132 pip move. Please note price may move down phase 5 and then go up and breakout of the falling wedge

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Comments

Price action is moving Good break out from the falling wedge :)
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Alert Breakout of falling wedge has happened but price action may retest the falling wedge just be careful to wait for a full breakout just like when fishing you might get a bite or nibble wait until the fish makes a big pull. ...and then go for the trade and you will have a big fish story to tell:) but remember some big fish gets away...:)
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