rising wedge + structure on dollar yen

By VasilyTrader
Updated
snapshot

hey guys,

we see how a price contracts in a rising wedge pattern
reaching a significant level of resistance.

with overbought rsi and divergence,
the only thing that we are looking for is a bearish breakout of a rising wedge.

then we can sell the market with targets based on structure.

good luck!
Comment
be careful, sell only after a breakout of horizontal support
snapshot
Chart PatternsDivergenceTechnical IndicatorsParallel ChannelRelative Strength Index (RSI)structureTrend AnalysisWedge
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