Kishore
Short

USDJPY RISING WEDGE BROKEN!!!

FX:USDJPY   U.S. Dollar / Japanese Yen
1021 4 28
MARKET ANALYSIS: The pair has been trading inside a wedge pattern for a long time. Now it has broken the wedge in the H4 time frame. There is a major support zone if the support zone is broken and once we retest the broken support we can enter a short position for a long term sell trend. If the Resistance is broken trade is invalid. So lets wait and see what the market does in the coming weeks. Cheers!
Trade closed: target reached:

Related Ideas

I was in this trade, thank u
+1 Reply
Kishore GoldHunter
@GoldHunter, Your Welcome!!
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Excellent call, would like to learn more about how you set this all up. Cheers
+2 Reply
Kishore amozb
Hello, Thank you very much for your valuable comments. You can check it in my website. Now its under construction. We are introducing some new things, It will be back by next week. Cheers!
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