Rising wedge EURJPY after 3 signs of weakness

2018年4月20日

Good setup for a short on EURJPY. The former and very clear and strong support level showed no strength at that purple descending triangle. That pattern shows lower highs. Than after that drop the market made an attempt to form an inverse H&S, but pattern failed wich shows another sign of weakness. And now finally it has formed a rising wedge, which is also a sign of weakness.
This trade has allot of reliability and a good risk reward

2018年4月20日

註釋

2018年5月4日

註釋

So far so good, 250 pips :) long term i expect much more weakness (price dropping), but on the short term there could be a bounce up of course. So choose your strategy to make your decision. Never get to greedy, always good to take some profit

2018年5月8日

註釋

Target reached, more exiting than crypto :)