USD/JPY bullish crab & descending broadening wedge
מעודכן
Bullish divergence on 1 hour MACD and RSI
Bullish crab
If we can break out of the descending rising wedge this is a great buy signal
TP1 (38.2% fib bullish crab target): 113.686
TP2: (61.8% fib bullish crab target): 114.38
My entry was 112.63-112.65
SL: 114.43, lower than a long term 0.5 fib
This is a high reward, low risk trade as far as I am concerned. Will be trailing my SL in as we move upward.
Bullish crab
If we can break out of the descending rising wedge this is a great buy signal
TP1 (38.2% fib bullish crab target): 113.686
TP2: (61.8% fib bullish crab target): 114.38
My entry was 112.63-112.65
SL: 114.43, lower than a long term 0.5 fib
This is a high reward, low risk trade as far as I am concerned. Will be trailing my SL in as we move upward.
הערה
We have a falling wedge: updated chart, looks like we might be able to break out and test the long term bull flag
כתב ויתור
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