Descending Triangle on USD/JPY @ D1

FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
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
Order cancelled: Cancelled due to pattern invalidation.
You can find a lot of detail about my trading ideas in my blog - You will also find useful tools to find, build, and trade similar patterns - all completely free.
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