This symmetrical triangle formation on the weekly chart of USD/JPY offers an opportunity for a sell trade in case of a breakout. The triangle's borders are marked with the yellow lines. My potential entry point is marked with the cyan line. My take-profit level is shown with the green line. I will set the stop-loss level to the high of the breakout bar (not shown on the chart).
Order cancelled: Cancelled the trade setup yesterday because the triangle has been broken to the upside.