After breaking the weekly wedge, we may see a good long opportunity for USDJPY.
I do not expect it to happen very soon, rather it will not be surprising to see a higher low at first.
After observing a higher low and breaking structure and weekly wedge upper line (dark blue), we will be looking for buying opportunities.
Good luck!
This is solely a trading study setup and cannot be considered as a trading signal. I will be using my own strategy for entering conditions. Please use your own risk.
I do not expect it to happen very soon, rather it will not be surprising to see a higher low at first.
After observing a higher low and breaking structure and weekly wedge upper line (dark blue), we will be looking for buying opportunities.
Good luck!
This is solely a trading study setup and cannot be considered as a trading signal. I will be using my own strategy for entering conditions. Please use your own risk.