USDJPY: Slowing Momentum & Your Trading Plan 🇺🇸🇯🇵
https://www.tradingview.com/x/76crQEz0/
I guess that it is obvious that USDJPY is bullish.
However, analysing the price action, we can spot a slowing momentum:
after a sharp bullish impulse, the market started to grow within a rising wedge pattern -
a classic reversal pattern.
Its support breakout will be a strong bearish signal.
Wait for a 4H candle close below its boundary as a confirmation.
Sell aggressively or on a retest then.
Target will be - 143.44
❤️Please, support my work with like, thank you!❤️
I guess that it is obvious that USDJPY is bullish.
However, analysing the price action, we can spot a slowing momentum:
after a sharp bullish impulse, the market started to grow within a rising wedge pattern -
a classic reversal pattern.
Its support breakout will be a strong bearish signal.
Wait for a 4H candle close below its boundary as a confirmation.
Sell aggressively or on a retest then.
Target will be - 143.44
❤️Please, support my work with like, thank you!❤️
âś…Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
đź’°Instagram: instagram.com/VasilyTrader/ đź’°
âś…Facebook: facebook.com/VasilyTrading/ âś…
❗️YouTube Channel youtube.com/c/VasilyTrader
đź’°Instagram: instagram.com/VasilyTrader/ đź’°
âś…Facebook: facebook.com/VasilyTrading/ âś…
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.