USDJPY bulls exhausted.
UJ experienced one of the largest bull run so far, the Japanese Yen lost almost 18% so far against the Dollar.
Reasons behind this sell off has to do with the BOJ, printing endless money to buy bonds and keep the yields low, I will not go into further detail about it.
I'm sharing this trade opportunity I saw, the trade looks very solid with a big r/r ratio. In the chart is an ascending wedge visible which its a powerful bearish pattern.
This is it, signing out.
Reasons behind this sell off has to do with the BOJ, printing endless money to buy bonds and keep the yields low, I will not go into further detail about it.
I'm sharing this trade opportunity I saw, the trade looks very solid with a big r/r ratio. In the chart is an ascending wedge visible which its a powerful bearish pattern.
This is it, signing out.
Trade closed: stop reached
SL reached
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