USDJPY inside a rising wedge with opportunity of a great scalp!

2019-12-27 22:55:12

We can find this rising wedge for the 4h of USDJPY. Rising wedges form great opportunities of trades with a perfect risk/reward as they acknolwedge a rising trend.

Here we find ourselves in a 110 pips opportunity with a fantastic risk/reward, making it an excellent end-of-the-year trade.

I'm feeling bullish, and will keep an eye on the support formed by the lower part of the wedge before making my entry. Once we see a bounce off the support, I will make my trade.