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U.S. Dollar / Japanese Yen
Short
Updated

USDJPY - SHORT - RISING WEDGE + DOUBLE TOP

251
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

Note
snapshot
Note
snapshot
Note
TP 1 HIT
Note
TP 2
Trade closed: target reached
TP3 Hit
zorrays
Also on:
doubetopDouble Top or BottomDXYForexｆｘRelative Strength Index (RSI)Support and ResistanceUSDJPYWedge

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
doubetopDouble Top or BottomDXYForexｆｘRelative Strength Index (RSI)Support and ResistanceUSDJPYWedge
zorrays
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.