brewthedrew19

brewthedrew19

Prediction: 1. Hit red trendline at 113.036 and then continue upwards has strong support at this level. 2. Watch price action at the lower fib level 3. SL @ 112.26 TP@ 113.461 4. Small gain lots of risk but on Paper account

brewthedrew19

Wait until confirmation is shown beware of false breakouts.

brewthedrew19

A long position on usdjpy will be held until the 112.3 level. This should become the breaking point of the wedge allowing a continuation of an upwards trend

brewthedrew19

Read the box dummy

brewthedrew19

RED TREND LINES ARE MAJOR ORANGE IS MAJOR S&R LEVES

brewthedrew19

Shorting it to the .618 retracement line

brewthedrew19

Legend: RED=WEEKLY; PURPLE=DAILY; GREEN=HOURLY. I expect the pair to hit the 1.5820 level in the near future. All predictions are based on price action. Made on Monday April 3, 2017.