exploration
Long

Falling Wedge Strategy ...73 pip move

FX:USDJPY   U.S. Dollar / Japanese Yen
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Setup: USD/JPY Buy when a break out from the top of the falling wedge ...73 pip move from break out point... Looks like at the time of this posting a break out is in progress. Wait until a good full break out from the falling wedge .

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Comments

Profit Target reached + 70 pips
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USD/JPY This is a study on wave 5 a chart i subscribe too showing where wave 5 is going I calculated that wave 5 is heading to 85.80 area http://www.trendrecognition.com/images/stories/2012/forex2012/usdjpy_st_20121215.gif
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USD/JPY My break out point is 83.77 = 00.73= 84.50 target area for the small wedge break out The bottom wedge profit target 85.81
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Here is the chart for the bottom wedge that i calculated to help see where price is going
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