USDJPY > Detailed Analysis and Markup, What's Next?
Analysis of #USDJPY
Hi traders, today we will have a look at #USDJPY
looking at my chat you can see the market has been consolidating inside this beautiful triangle pattern as you can see the range is getting tighter and tighter, and we can expect the market to break one way or the other then we can trade in the direction of the breakout looking for trend continuation opportunity if the rules for entry are met.
it is not safe now to trade inside the range, the support and resistance have been tested a few times and with each test, it gets weaker, as the range, it is getting smaller, we can expect a breakout soon
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
Hi traders, today we will have a look at #USDJPY
looking at my chat you can see the market has been consolidating inside this beautiful triangle pattern as you can see the range is getting tighter and tighter, and we can expect the market to break one way or the other then we can trade in the direction of the breakout looking for trend continuation opportunity if the rules for entry are met.
it is not safe now to trade inside the range, the support and resistance have been tested a few times and with each test, it gets weaker, as the range, it is getting smaller, we can expect a breakout soon
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
Trade closed: target reached:
135 pips
