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U.S. Dollar / Japanese Yen
Short
Updated

rising wedge + structure on dollar yen

1 017
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!
Note
be careful, sell only after a breakout of horizontal support
snapshot
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Chart PatternsDivergenceTechnical IndicatorsParallel ChannelRelative Strength Index (RSI)structureTrend AnalysisWedge

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Chart PatternsDivergenceTechnical IndicatorsParallel ChannelRelative Strength Index (RSI)structureTrend AnalysisWedge
VasilyTrader
✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel youtube.com/c/VasilyTrader

✅ Facebook: facebook.com/VasilyTrading/

⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.