USDJPY Pure AB=CD

2019-11-11 06:32:59

Price is currently following an ascending wedge.

The price is almost at the peak of the wedge.

Price has stalled at the 61.8 level from the last major swing.

I expect at least a short sell into the the wedge or, for more security, wait for price to break out of the wedge and use a smaller time frame for entry to reduce the risk.