USDJPY is locked in a wedge pattern for a long time in the weekly chart
(see the two black lines), registering lower highs on the top and higher lows on the bottom.
On the 4H chart, price has already broken down from the bullish trend line and last week, we had made more than 300 pips profits on shorting it. We expect more downfall in the coming weeks.
(see the two black lines), registering lower highs on the top and higher lows on the bottom.
On the 4H chart, price has already broken down from the bullish trend line and last week, we had made more than 300 pips profits on shorting it. We expect more downfall in the coming weeks.
Note
We shorted this at 108.22 and have got some money in the pocket. Praise Lord for his abundant blessings !
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.