USDJPY - Potential Correction, SHORT
Dear Friends,
How I see it:
Rising Wedge Pattern.
Price is holding around fair market value, exhaustion characteristics.
Safest Option:
Waiting for a wedge " breakout and hold" for a short entry.
However, best practice is to accumulate inventory
above or close to FMV at least for your short entry
Keynote:
Strong support around 156.250 which could serve as the re-test support.
I deeply appreciate you taking the time to study my analysis and point of view.
How I see it:
Rising Wedge Pattern.
Price is holding around fair market value, exhaustion characteristics.
Safest Option:
Waiting for a wedge " breakout and hold" for a short entry.
However, best practice is to accumulate inventory
above or close to FMV at least for your short entry
Keynote:
Strong support around 156.250 which could serve as the re-test support.
I deeply appreciate you taking the time to study my analysis and point of view.
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