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nicolaussuleiman29

Rising wedge and a range market

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
nicolaussuleiman29 Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Fundamental Analysis
1
0
trendanalysis chartpattern fundamental

  • The support of arising wedge has been broken.

    Price gave a retest for short trades towards the swing low (1H demand zone)

    Now the price is ranging (Range market)

    For short term trades on ranging market BUY at the support zone and SELL at resistance zone.

    For long term trade wait for break of either the support zone or resistance zone.

    BASED on my view wait for clear direction of the market . Stay alerted on the key levels?

    STAY UPDATE.
Comment:
Now the direction is bearish

short trades are expected around 144.521 (premium price)

you can enter a short trade at current price or wait for more premium price (around 144.521)

Stop level above the highs. manage your risk
Trade closed: target reached:
ALMOST ENOUGH PROFIT CLOSE THE TRADE IF YOU EXCUTED
WAIT FOR NEXT OPPORTUNITY
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