jakeostrovskis
Long

USDJPY - Mixed signals but ascending triangle pattern forming!

OANDA:USDJPY   U.S. Dollar / Japanese Yen
53 0 7
4 hour rejection off a supply zone , 1 hour POSSIBLE rejection of the zone, but an ascending triangle is formed on the 1 5min chart. It is worth noting that the US futures are DOWN though

This pattern of higher lows pushing against a resistance zone and therefore, in line with the usual structure; would indicate a continuation of a bull trend.

The size of the push should be around the size of the triangle's height, but only aiming for 10 PIPS. With a 1:1 Risk:Reward.

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