Get started
Fx_Trader_ViSa

USDJPY Bearish Pattern Formation

U.S. Dollar / Japanese Yen (FX:USDJPY)  
Fx_Trader_ViSa  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns USDJPY usdjpyanalysis dollar yen pound euro Forex forextrading forexanalysis
14
2
trendanalysis harmonicpatterns chartpattern usdjpy usdjpyanalysis dollar yen pound euro forex forextrading forexanalysis
USDJPY is trading in channel pattern after the movement of the big downside. It has also formed a bearish Descending Triangle Pattern, within the channel pattern, as shown in the chart. Soon, we might see a breakout of a bearish pattern. One can initiate the trade on the breakout side with proper risk management and stop loss.

Thanks
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.