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  • Vasily Trader

USDJPY: Potential Trading Opportunity (Trading Plan)



⚠️USDJPY reached a resistance line of a major falling wedge pattern on a daily.


Now it is a very decisional moment for the pair.

The reaction to the resistance will show the future direction of the market.


I still remain bearish biased and focused on a completed descending triangle formation.

104.14 is its support.

I want to see 1H candle close below that to confirm its breakout.


Then short trade can be initiated with initial goal 103.85.


In case of a daily candle close above the resistance line of the wedge ,

setup will be invalid and bias will change to bullish .


Please, support this idea with like! thank you!

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