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rising wedge + structure on dollar yen
U.S. Dollar / Japanese Yen
Short
rising wedge + structure on dollar yen
By VasilyTrader
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Updated
Apr 4, 2019
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Apr 3, 2019
hey guys,
we see how a price contracts in a rising wedge pattern
reaching a significant level of resistance.
with overbought rsi and divergence,
the only thing that we are looking for is a bearish breakout of a rising wedge.
then we can sell the market with targets based on structure.
good luck!
Apr 4, 2019
Note
be careful, sell only after a breakout of horizontal support
Chart Patterns
Divergence
Technical Indicators
Parallel Channel
Relative Strength Index (RSI)
structure
Trend Analysis
Wedge
VasilyTrader
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