USD/JPY has dropped out of a rising wedge and has successfully created a few lower highs. Looking for a week push up here into our ideal short zone and then buyer exhaustion.This will be ideally a strong bearish candlestick conformation or a double retest and sell-off. If it completes this weak push up a stop loss is above the recent high of the rising wedge has a 3:1 ratio. If we break down here with out pushing back up into this zone then we still enter that trade but the risk reward comes down to 2:1. Keeping an eye on this one and will be closing on the trend line as this is our target for the rising wedge break. Enjoy
Comment:
*confirmation