USDJPY Long

FX:USDJPY60

U.S. Dollar/Japanese YenFXCM

Description

⋅ Dec 21, 2016 9:59 AM

wedge reversal pattern

Trade closed: stop reached

⋅ Dec 21, 2016 12:05 PM

break the line and fall down now, breake support line

Comments

UnknownUnicorn539240

⋅ Dec 22, 2016 9:16 AM

This is not a wedge. It is more likely a contracting triangle.

VitalyKaminsky

⋅ Dec 22, 2016 9:17 AM

@brexit_as_a_username, call it what you want, but this triangle

UnknownUnicorn539240

⋅ Dec 22, 2016 9:18 AM

@VitalyKaminsky, There is a big difference between Contracting triangle and a wedge patterns.

VitalyKaminsky

⋅ Dec 22, 2016 9:20 AM

@brexit_as_a_username, As a Difference?

UnknownUnicorn539240

⋅ Dec 22, 2016 9:22 AM

@VitalyKaminsky, Contracting Triangle is a continuation pattern. Wedge is a reversal pattern. If it would be a wedge, these tops would be making higher highs as well.

VitalyKaminsky

⋅ Dec 22, 2016 9:26 AM

@brexit_as_a_username, Partially I agree with you

UnknownUnicorn539240

⋅ Dec 22, 2016 9:25 AM

@VitalyKaminsky, This was a wedge –

UnknownUnicorn539240

⋅ Dec 22, 2016 9:25 AM

@brexit_as_a_username, and it reversed