ElemontFX
Short

USDJPY NEW FLAG PATTERN

FX:USDJPY   U.S. Dollar/Japanese Yen
105 0 6
USDJPY             is trying to break out of the previous bullish channel and in the process has now created a new flag pattern (in yellow). A break of this flag pattern will confirm the start of a pullback.

We have potential sell entries at (1) the top of the yellow flag, (2) at the bottom orange trendline , and (3) on break of the yellow flag's bottom.

If the yellow flag breaks above, sell trades become invalid and we await the next setup.
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