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ridethepig
Nov 12, 2018 11:52 PM

Long term triangle pattern Short

U.S. Dollar / Japanese YenFOREX.com

Description

=> Here is the triangle we mentioned in our previous idea
=> A timely update as we approach the end of the 'D' part in the ABCDE pattern formation from a technical perspective.
=> On the macro side we are starting to see the DXY correct too and all stars are beginning to align for the next leg down.
=> Keeping a close eye on this one for now.
=> GL

Trade closed: target reached

As expected a clean and simple ride... well done all
Comments
Boon2
I agree with the short but I see a different structure.
Portier
We've reached the same analysis. Just taken a short position on this
ridethepig
@PortierCapital, Pleased to hear!
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