FullTimeTrader
Short

USDJPY-bounce from the top a of triangle

FX:USDJPY   U.S. Dollar/Japanese Yen
365 1 3
I think this pair is consolidating in a non regular triangle pattern .
The price failed to hold above the 120 level three times.
Now has formed a pinbar from the round level 120, a nice trigger to enter.
Finally the triangle pattern will be broken to the downside and reach 115 as second target
Best regards
onali.ismail
2 years ago
Hiya
This looks very much like a wave 4 contracting triangle (a-e) pattern. E not formed but when it does the upside is on and for a long way!
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