Sell USD/JPY Wedge Breakout
Updated
The USD/JPY pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Wedge Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position below The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 157.55.
Target Levels:
1st Support – 156.00
2nd Support – 155.20
Stop-Loss: To manage risk, place a stop-loss order above 158.35. This helps limit potential losses if the price falls back unexpectedly.
Thank you.
Possible Short Trade:
Entry: Consider Entering A Short Position below The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 157.55.
Target Levels:
1st Support – 156.00
2nd Support – 155.20
Stop-Loss: To manage risk, place a stop-loss order above 158.35. This helps limit potential losses if the price falls back unexpectedly.
Thank you.
Trade active
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