USDJPY is finally breaking the descending channel
Hey everyone !
as easy as it may seem. the price formed a descending channel and it is now breaking the upper trendline, which is a strong bullish signal.
i'm quite confident about this trade since this type of pattern on daily timeframe have a really high winning rate.
The macd indicator is confirming this setup as there is a huge bullish divergence
Right now it is the perfect moment to enter as price is stagnating after breaking the trendline, preparing for a new impulse upward. Personally i'll enter using a multi TF analysis(4H and 1H) in order to get a tighter stop loss
so ill be super mega bullish on Dollar for the next weeks. Give a thumbs up if you agree!
you can also check at my related ideas, there is a bearish setup for GBPUSD
See you soon !
as easy as it may seem. the price formed a descending channel and it is now breaking the upper trendline, which is a strong bullish signal.
i'm quite confident about this trade since this type of pattern on daily timeframe have a really high winning rate.
The macd indicator is confirming this setup as there is a huge bullish divergence
Right now it is the perfect moment to enter as price is stagnating after breaking the trendline, preparing for a new impulse upward. Personally i'll enter using a multi TF analysis(4H and 1H) in order to get a tighter stop loss
so ill be super mega bullish on Dollar for the next weeks. Give a thumbs up if you agree!
you can also check at my related ideas, there is a bearish setup for GBPUSD
See you soon !
Comment:
here is a consolidation triangle on 4H, i may use it as my entry to tighten my Stop loss and therefore increase my Risk:Reward ratio
Trade active
