VasilyTrader

USDJPY: Trading Plan For Next Week

Short
FX:USDJPY   U.S. Dollar / Japanese Yen

hey traders,

after a very good long trade that we have taken this week, it is time to adjust our trading plan.

Next week I will be paying close attention to a rising wedge pattern that can be easily identified on 1h and 4h charts.
On Friday the market has closed approaching a support line of the wedge .
Most likely buyers will push the market higher from this point setting a new higher high higher close within the wedge .

On my focus will be a wide supply area 108.2 - 108.5.
Selling orders will accumulate in this zone and there will be a high chance to see a selloff.

Our confirmation signal will be a bearish violation of a rising wedge .
Target levels will be 107.9 and 107.5

Stop will be above the highest point of the wedge .

Good luck!

*Please, if you want more signals, support this idea liking it and leaving a comment, thank you!:)

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.