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zorrays

USDJPY - SHORT - RISING WEDGE + DOUBLE TOP

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
zorrays Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Double Top or Bottom Wedge USDJPY DXY doubetop Forex ｆｘ Relative Strength Index (RSI)
11
0
supportandresistance doubletoporbottom wedgepattern usdjpy dxy doubetop forex ｆｘ relativestrengthindex
WAITING FOR A WELL RECOGNISABLE CONTINUATION PATTERN WITH AN IMPULSE BREAK TO CONFIRM THIS SELL OTHERWISE NOT ACTIVE AS OF YET.

Bias: Short

Targets: Based on Fibonacci and structure

Confluences:

  • Rising Wedge (Reversal)

    Double Top on daily resistance

    Overall downtrend

    On HTF - rejected with a bearish impulse from monthly resistance

    RSI Divergence (Double Top)

    Fibonacci Inversion measured on wedge pushing the price to daily support
Comment:
Comment:
Comment:
TP 1 HIT
Comment:
TP 2
Trade closed: target reached:
TP3 Hit
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