EverythingForex

USDJPY Quick Update: Possible Trend Continuation Triangle

FX:USDJPY   U.S. Dollar / Japanese Yen
This is a quick update on this pair off of my Daily Update post yesterday. Just want to make you all aware that there is a POSSIBLE trend continuation triangle forming.

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Comment:
the continuation triangle I talked about last week completed and prices took off from there. I just closed my LONG position and pocketed the profits. Not because I don't think it is going any higher but because there's no guarantee it will. In any case, should see a retrace back down soon before there is any move higher. I'll wait and see what happens and enjoy my profits while I'm at it. Never be greedy!


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