U.S. Dollar / Japanese Yen

Short

Rising wedge and a range market

By nicolaussuleiman29

Updated

[1/5]The support of arising wedge has been broken.

[2/5]Price gave a retest for short trades towards the swing low (1H demand zone)

[3/5]Now the price is ranging (Range market)

[4/5]For short term trades on ranging market BUY at the support zone and SELL at resistance zone.

[5/5]For long term trade wait for break of either the support zone or resistance zone.

BASED on my view wait for clear direction of the market [5/5]. Stay alerted on the key levels?

STAY UPDATE.

Note

Now the direction is bearish

short trades are expected around 144.521 (premium price)

you can enter a short trade at current price or wait for more premium price (around 144.521)

Stop level above the highs. manage your risk

Trade closed: target reached

ALMOST ENOUGH PROFIT CLOSE THE TRADE IF YOU EXCUTED
WAIT FOR NEXT OPPORTUNITY

nicolaussuleiman29

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