USDJPY - SHORT - RISING WEDGE + DOUBLE TOP

Apr 26, 2019

WAITING FOR A WELL RECOGNISABLE CONTINUATION PATTERN WITH AN IMPULSE BREAK TO CONFIRM THIS SELL OTHERWISE NOT ACTIVE AS OF YET.

Bias: Short

Targets: Based on Fibonacci and structure

Confluences:

• Rising Wedge (Reversal)
  
  Double Top on daily resistance
  
  Overall downtrend
  
  On HTF - rejected with a bearish impulse from monthly resistance
  
  RSI Divergence (Double Top)
  
  Fibonacci Inversion measured on wedge pushing the price to daily support
  

May 1, 2019

Note

May 1, 2019

Note

May 6, 2019

Note

TP 1 HIT

May 9, 2019

Note

TP 2

May 31, 2019

Trade closed: target reached

TP3 Hit