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USDJPY: Preparing For Bearish Move (trading plan)



Hey traders,


USDJPY recently broke and closed below a support line of a major rising channel on a daily.

Now we see the retest.

On the chart, I underlined a blue area that is considered to be a potential strong zone of supply.


To catch a bearish move, pay close attention to a rising wedge pattern on 1h.

Its bearish breakout will be a trigger for us to short.


First goal will be 110.0


Remember that in case if the price violates a blue area to the upside,

the setup will be invalid.

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