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AndriyMoraru

Descending Triangle on USD/JPY @ D1

Short
U.S. Dollar / Japanese Yen (FX_IDC:USDJPY)  
AndriyMoraru Updated   
FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
patterntrading Descending Triangle Triangle japaneseyen DJ FXCM Index breakout Bearish Patterns
6
0
patterntrading descendingtriangle triangle japaneseyen usdollar breakout bearish
This descending triangle pattern on the daily chart of USD/JPY offers an opportunity for a short trade in case of a downside breakout. The triangle's borders are marked with the yellow lines. The cyan line is my potential entry level. The green line denotes my take-profit level. I will set the stop-loss level to the high of the breakout bar (not shown on the chart).

More information, chart template, and a free expert advisor to automatically trade this USD/JPY pattern - on www.earnforex.com/bl...-a-triangle-pattern/
Order cancelled:
Cancelled due to pattern invalidation.
You can find useful tools to detect, build, and trade chart patterns - all completely free on www.earnforex.com.

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