VasilyTrader

USDJPY: Trading Plan For Next Week

שורט
FX:USDJPY   דולר אמריקאי / יין יפני

hey traders,

after a very good long trade that we have taken this week, it is time to adjust our trading plan.

Next week I will be paying close attention to a rising wedge pattern that can be easily identified on 1h and 4h charts.
On Friday the market has closed approaching a support line of the wedge .
Most likely buyers will push the market higher from this point setting a new higher high higher close within the wedge .

On my focus will be a wide supply area 108.2 - 108.5.
Selling orders will accumulate in this zone and there will be a high chance to see a selloff.

Our confirmation signal will be a bearish violation of a rising wedge .
Target levels will be 107.9 and 107.5

Stop will be above the highest point of the wedge .

Good luck!

*Please, if you want more signals, support this idea liking it and leaving a comment, thank you!:)

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