Falling wedge pattern, the price is appreciated, now the time for little correction of 100 PIPS before moving upwards. We take short position to grab those 100 PIPS
Note
You can observe in below 15M chart of USDJPY that whenever we see a rising wedge pattern, the price falls - At the moment, the price is ready to fall down to 113.70 and than 112.50 which is our target.
Trade active
Moving down to 113.70 than 112.70
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Landing soon to 113.60
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113.60 hit, now 112.70 and than 112.50 on the table
Trade active
Descending channel is intact till 112.70 in 5M chart.
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