MikePips
Short

Descending Triangle Breakout Trade

FX:CADJPY   Canadian Dollar/Japanese Yen
Here is a descending triangle pattern. I am expecting the market to breakout to the downside. I would enter this trade after 2 candles of closed below the lower level of support. Both trades are to be entered simultaneously with low volume .
Comment: TP 1 and 2 Hit.
Nice trade!
CADJPY BEAR FLAG ON DAILY
+1 Reply
MikePips tonz_of_gunz
Do flag pattern where market trends upwards typically break out to the downside, or is this a bearish idea because of the larger channel its moving within.
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