U.S. Dollar / Japanese Yen
Short
Updated

Rising Wedge on USDJPY

496
USDJPY has just completed 5 waves forming a leading diagonal - rising wedge.
RSI is showing bearish divergence on 4HR TF. For more confirmation you should wait for a breakout.

Cheers!
Note
It's getting very close to breakout of the pattern.
Note
We have a breakout.
Note
Target remains the same

snapshot
Trade closed manually

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.