TradingView
UnknownUnicorn5738194
Oct 14, 2019 6:17 AM

BULLISH CONTINUATION PATTERN SPOTTED IN NINJA 

U.S. Dollar/Japanese YenFXCM

Description

NINJA ALREADY FORMED a bullish continuation pattern as we can see today there's a descending broadening wedge (DBW). Some people may assume that the DBW is a part of CUP AND HANDLE pattern, nothing wrong about it.

THE SPECULATIVE setup would be around 50% Fibonacci Retracements measured from latest Swing Low to the current High (I assume it gonna form a swing as the price already hit the resistance area). We can wait for a resistance breakout too as its confirms the DBW pattern.

Trade closed: target reached

Comments
More