USD/JPY view for this week, possible BEARISH breakout
Updated
Rising Wedge on H1 was created last week and finally broke out today and bounced to a major resistance zone .
Watch price action for possible bullish breakout or drop to S3 pivot .
My view is short term sell scalp until S3 pivot and will closely watch the price action along that pivot .
If this chart helped at all, leave a like or follow.
I would love any feedback/advice about my chart to correct any of my mistakes and learn more about TA.
DISCLAIMER: Not a financial advisor, I don't suggest using my ideas for your own as I am a complete amateur for TA.
Good luck to everyone!
Watch price action for possible bullish breakout or drop to S3 pivot .
My view is short term sell scalp until S3 pivot and will closely watch the price action along that pivot .
If this chart helped at all, leave a like or follow.
I would love any feedback/advice about my chart to correct any of my mistakes and learn more about TA.
DISCLAIMER: Not a financial advisor, I don't suggest using my ideas for your own as I am a complete amateur for TA.
Good luck to everyone!
Trade active
Short entry @ 108.709Note
US 10Y Yield differential with JPY still in play.. going to hold my short entry.Note
Added more shorts @ 108.981Note
Testing 108.1 area, more potential downside here until my target for S3 pivot.Note
Still a very good short, might hold longer term.Trade closed: stop reached
Breakeven SL was hit a while ago at 108.5
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