BrianMacMcNamara

Bullish Ascending Triangle. Breakout soon.

FX:CADJPY   Canadian Dollar / Japanese Yen
Looks like a break out on the 15min. The 5 min does not look so hot but we shall see. Waiting to take a position based on 5min MACD and stochastic . Hitting bottom of triangle now but has room to go down on MACD .

Do not enter till macd is green. if it breaks wait a few to short. Looks like a bear trap but could turn into a short opportunity
Nov 15
Trade active: 5min shows a buy signal
Time to get long boys
Nov 15
Comment: Target is the top of the triangle but I expect a breakout soon.
Nov 15
Trade closed: target reached: Took profit at top of triangle

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