USDJPY has been putting in this Rising Wedge Pattern. These tend to break to the downside. The Rising Wedge is also occurring at Resistance.
I'm waiting for the Break & Close out of the Wedge on the 60min before I enter.
Stops - 1 ATR Above the Breakdown Bar
Target #1 - Measured move of the Wedge
Target #2 - 78.6% Fib Retracement
You can you also use just purely Structure for Targets if that is what your plan says to do.
Best of Luck!
I'm waiting for the Break & Close out of the Wedge on the 60min before I enter.
Stops - 1 ATR Above the Breakdown Bar
Target #1 - Measured move of the Wedge
Target #2 - 78.6% Fib Retracement
You can you also use just purely Structure for Targets if that is what your plan says to do.
Best of Luck!