Manuelsilvat

Ascending triangle on USD/JPY

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
An ascending triangle is developing un USD/JPY. If the price bounces Inside the triangle like the round white arrow in the chart, the ascending triangle Will be developed. When the price breaks the resistance line and the volume confirms It, a long position can be placed around 111.691 with the stop loss near to 110.404 and the take profit to 113.530. chart temporality: 30 min
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