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AndriyMoraru
Jan 17, 2016 4:24 PM

Descending Triangle on CHF/JPY @ H4 Short

Swiss Franc/Japanese YenFXCM

Description

The descending triangle pattern on H4 chart of CHF/JPY provides an opportunity for a bearish breakout. The pattern's borders are marked with the yellow lines. My potential entry level - the cyan line. My potential exit level - the green line. Stop-loss is to be set to the low of the breakout bar (not shown).

More information, chart template, and free EA to automatically trade this pattern - on earnforex.com/blog/chfjpy-consolidates-in-descending-triangle-on-4-hour-chart/

Order cancelled

Order cancelled as the pattern is no longer valid.
Comments
CryptoPAMM
quite the similar view on direction and target
AndriyMoraru
*high of the breakout bar, not "low".
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