Dale_Ansel
Long

USDJPY - Symmetrical Triangle Top Daily

FX:USDJPY   U.S. Dollar / Japanese Yen
277 4 9
Long Bullish continuing uptrend for quite some time.

Quick stall here with the formation of a "Triangle Top". 63% chance of an upward break-out.

In 70% of cases bullish breakouts occur when the price is moving into the highest third
of its annual range, which is true in this case.

The target is reached 81% of the time if bullish breakout occurs. so lets keep our fingers crosses.

RSI is down in the oversold area, so everything looks like a great high probability set-up!

Good Luck!

still long ?
Reply
Yes, still long. The breakout will typically be bullish and break out to the upside, long. :)
Reply
wwfm Dale_Ansel
same feeling we already had same downside trend two weeks ago with huge upside rally after that
Reply
Target will be the width of the Triangle . . .
+1 Reply
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