TradingView
Macrobriefing
Oct 13, 2022 7:53 AM

USDJPY H1 Triangle Continuation Trade Long

U.S. Dollar/Japanese YenFXCM

Description

Looking for the USDJPY to trade higher, but waiting for a breakout of the recent APAC session.
Price action is forming a triangle that is encouraging based on other higher time frame continuation patterns.
Depending on which time frame analysis you generate a trading idea, I am a firm believer that you should manage the trade in the same time frame.
Though if there is a chance of a higher time frame target being reached, after de-risking on the lower time frame, you could leave a runner.
Comments
JoeChampion
great insight!
More