USDJPY: THE FORGOTTEN PAIR!
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The USDJPY have been riding in supreme since February, to be honest I love trading this pair due to it stable price movement. Lately this nice and lovely uptrend has been altered and therefore is trapped in a chart pattern called the Falling wedge!
At this point, I become super interested in this FORGOTTEN pair. For those that know falling wedge and how it works, we know a bullish reversal is coming soon. When this is in Play, we need to keep our fingers warmed up for the trigger. WAIT! Don't get too happy and start planning on getting a cruise boat or a Mansion in Paris! As we can see there was a breach in the Trendline which have been in place since Early February. Now you sad? I wanna pacify you a bit :).
There is still hope for a long continuation, when the breach took place, we saw a very sharp bullish reversal to the upside. The Bulls aren't sleeping I guess. Thanks for coming this far, Like, comment and follow for more contents.
The USDJPY have been riding in supreme since February, to be honest I love trading this pair due to it stable price movement. Lately this nice and lovely uptrend has been altered and therefore is trapped in a chart pattern called the Falling wedge!
At this point, I become super interested in this FORGOTTEN pair. For those that know falling wedge and how it works, we know a bullish reversal is coming soon. When this is in Play, we need to keep our fingers warmed up for the trigger. WAIT! Don't get too happy and start planning on getting a cruise boat or a Mansion in Paris! As we can see there was a breach in the Trendline which have been in place since Early February. Now you sad? I wanna pacify you a bit :).
There is still hope for a long continuation, when the breach took place, we saw a very sharp bullish reversal to the upside. The Bulls aren't sleeping I guess. Thanks for coming this far, Like, comment and follow for more contents.
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