USDJPY bullish falling wedge
Updated
Pair has formed easily recognisable falling wedge pattern. Retracement was complete at 50% fib. I put very conservative target, but par will most likely go to previos high at 111.60
One more down swing is possible, but a shallow one to previos low. We enter at break of resistence line. Trade is again marked as 2 RR, as usual.
One more down swing is possible, but a shallow one to previos low. We enter at break of resistence line. Trade is again marked as 2 RR, as usual.
Trade active
Comment
Im moving stop loss to break even.
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