All three trades are still running in profit at the moment with no risk.
We are entering a position on the USDJPY leading into the FED interest rate decision on Thursday morning.
There has been a clear breakdown from a rising wedge structure, and a number of indicators are suggesting a potential trend change.
USDJPY Weekly Chart
The RSI is signalling a bearish divergence indicating a change in trend. The MACD is close to crossing over to the downside also.
USDJPY Daily Chart
There has been a breakdown from a very sharp rising wedge formation at a major resistance zone, indicating a bearish reversal opportunity.
USDJPY 1 Hour Chart
We are looking to count 5 waves down, and so far the USDJPY is still trading in a 3rd wave decline.
Trade Setup: SELL market execution, current price 136.32, stop loss 137.39 and take profit target 133.53.
Stop loss: 107 pips
Take profit: 279 pips