USDJPY has consolidated in a wedge. Divergence is spotted on both MACD and RSI indicators. A break out of the wedge is due. Price is at support level. A long is recommend at support level or after price breaks out of the wedge.
Trade plan:
- Buy limit @105.50
- Stop loss @105.00
- Take profit @108.00
Stay Tuned.
Trade plan:
- Buy limit @105.50
- Stop loss @105.00
- Take profit @108.00
Stay Tuned.
Trade closed manually:
Priced broke down. Trade closed.