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ranadagger
Aug 18, 2015 1:55 AM

USDJPY-Ascending triangle formation-Long on breakout from patter Long

U.S. Dollar/Japanese YenFXCM

Description

An ascending triangle formation on the hourly charts. Should give a retest of the top at 125.3 if it were to cross 124.58. SL can be at 124.2 once the breakout occurs. If ascending triangle formation is broken, we shall wait for the next signal as bullish bias in the near term will be negated.
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