Rising wedge setup in USD/JPY with weakness ahead

In the H1 timeframe, USD/JPY formed a rising wedge pattern and broke out from the trendline from the wedge and currently in the potential backup action. The exact short setups based on the reversal and the breakout together with the nuances to look out for are explained in the video in the trade review section (timestamp starts 8:20) below:

Below are the key parameters for USD/JPY potential short setup for trading session on 28 Sep 2020, with a potential reward to risk ratio of 1.1.

Entry: short stop order at 105.25

Stop loss: 105.65

Take profit: 104.8

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