CromerKing

USD/JPY Coiled spring

FX:USDJPY   U.S. Dollar/Japanese Yen
137 1 3
Seen these coil spring set ups before and like a compressed coil spring they tend to violently break out. You can aggressively set orders/stops to catch the breakout should it occur. Looking on the daily you can easily argue it's a wedge pattern and so with the trend would break to the upside.
Shun-Jiru
2 years ago
Same thing happened last year. I'm putting my money on breaking up.
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