After a large upswing in the USDJPY, a Triangle pattern formed and price closed above the formation.
This is a bullish signal.
Notice that the Triangle formed right on the downward trend line from the daily chart.
A successful move up in price could mean prices will continue moving up until much higher levels.
Stop loss below point D.
Take profit at length of AB.
Make sure to notice resistance levels along the way and take profit there.
Happy Trading!
This is a bullish signal.
Notice that the Triangle formed right on the downward trend line from the daily chart.
A successful move up in price could mean prices will continue moving up until much higher levels.
Stop loss below point D.
Take profit at length of AB.
Make sure to notice resistance levels along the way and take profit there.
Happy Trading!
Trade closed: stop reached