As of 08/27/2015 at 13:15 we have recognized a possible short trade in USD/JPY on the 1H chart. It is forming a rising wedge pattern with a high probability trade if it can get triggered.
We will be waiting for a close below the lower trendline of this rising wedge before initiating a position. Targets will be 119.750, 119.500 and the figure of 119.000. If this pair trades above the upper trendline before initiating a position the signals becomes null and void.
We will be waiting for a close below the lower trendline of this rising wedge before initiating a position. Targets will be 119.750, 119.500 and the figure of 119.000. If this pair trades above the upper trendline before initiating a position the signals becomes null and void.