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GMPinvestors

USDJPY in the middle of the descending triangle!

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
GMPinvestors  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Lines Triangle Oscillators USDJPY Descending Triangle Forex takeprofit forexsignals short
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trendline triangle oscillator usdjpy descendingtriangle forex takeprofit forexsignals short
The market was following an uptrend channel until it collapsed because of the pandemic. Right now it's in the middle of the descending triangle.
We expect one more bounce, entering short when the price will reach the top of the triangle (hopefully the Stochastic oscillator will be in overbought value), trying to get the TP1 and TP2.

Let us know if you like our idea, leave a comment with your opinion and don't forget to follow us!
Enjoy Traders!

GMPinvestors
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