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AW2729
Jan 10, 2018 12:04 AM

USD/JPY Descending Triangle Short

U.S. Dollar/Japanese YenFXCM

Description

Title is self explanatory :

Formation of a Descending Triangle after a downtrend. I would wait for a break in the support line of the triangle to enter the trade. RSI also shows a bearish trend highlighted by the red trendline, which is a sell signal.

Since it is a chart pattern, SL can be tightened a little bit more to the entry price.

- Good luck all

Trade closed: target reached

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