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jackmasters1990
Jan 14, 2021 5:44 PM

USD JPY SHORT Short

U.S. Dollar/Japanese YenFXCM

Description

USD/JPY Started forming a Descending Triangle around the 5th of March 2020, this is a Bearish chart pattern. The formation of lower lows and lower highs suggests a strong down trend and the trend line also suggests a downwards trend. Take profits set at major levels of support. Price could potentially bounce to resistance levels from support if no breakthroughs of support levels are met. Short and close out lots once in profit and TP hit.
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