InsiderB

USDJPY : Descending Triangle Hourly

FX:USDJPY   U.S. Dollar/Japanese Yen
The formation of descending triangle in USDJPY             started from last week and still price is ranging within the triangle, we may have a breakout soon.

Descending Triangle - Enter the Breakout

Entry - Breakout direction

Stops - Either the other side of Trendline or ATR based

Targets - Height of Triangle

Check your Risk:Reward before entering the Trades.

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Happy Trading !

*** With Great Power, there comes Great Responsibility ***
amnart
a year ago
Divergence?
+1 Reply
InsiderB amnart
a year ago
There is Hidden Bearish Divergence - Price making lower highs and Indicator forming higher Highs.
Reply
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