At the beginning of the year, we spotted a major rising trend line on USDJPY pair. We were expecting a bearish movement from that after its test.
Our confirmation was a descending triangle formation that was formed on a 4H time frame. Its neckline bearish breakout was a trigger to open a short position.
So far 215 pips of pure profit gained and a further decline is expected.
Did you catch this move?
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