4xbullion
Long

LONG USDJPY @ 107.35

FX:USDJPY   U.S. Dollar / Japanese Yen
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11
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Looking for an opportunity to get into the trend. A long at channel support, coupled with structure and fib retrancement. Now, that's the kind of trade I absolutely love!!!

Trade Type: Trend Continuation+Rising Channel
Price: 107.35
Target: 109.40
Stp: 106.58
R/R Ratio :2.75
Tiny triangle/pennant pattern shaped up nicely at current level. May break bullish from there as well
+1 Reply
4xbullion QuasarAlpha
Yes it might Quasar.. But these pennant trades give a lot of false breakouts.. I prefer ascending or descending triangle more, than these flags..
+1 Reply
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