mcpeacocks

UJ Analysis - looking for an entry

FX:USDJPY   U.S. Dollar / Japanese Yen
have been away for a while and not charted anything 'properly' and came across a descending and expanding triangle on UJ that sparked my interest. people say this is a reversal pattern and i wanted to log/see the context and other signals we could read at this stage.
the green 'up' arrows are generally the bullish signals, while the red 'down' arrows the more bearish ones.

I am considering to trade this two ways - one as a long around the bottom of the triangle, and a second - as a short - just above it.
Chances are i'll be stopped out of either or both, hence tight stoploss's are waranted and levels can be defined fairly easily

what do you think?

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