USD/JPY just experienced a volatility explosion with a push to the upside from the wedge pattern I showed in the video. I'm bearish here, but I need to see if the big players and I are on the same page. Instead of throwing in a trade before any kind of signal, I am waiting for the trade to set up properly. This currency pair can just as easily recover with a strong breakout of the resistance level but it is unclear right now whether bears or bulls are controlling price movement.
Looking for a break of the 111.100 level to the downside, or a recovery breakout of the 111.500 level. For now, it's a waiting game. Stay tuned!
This is a very informative man! I’ve checked what you’ve been doing and I think pairing it with Spectro Indicator as a strategy would make this even more successful. You should give it a try.
themdtrader
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@leohanson2018, I am content with my strategy but thanks!
leohanson2018
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@themdtrader, You're welcome. Just let me know if you want to try it out. I'd love to help.