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InsiderB
Feb 10, 2016 4:19 AM

USDJPY : Descending Triangle Hourly  

U.S. Dollar/Japanese YenFXCM

Description

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.

Hit Likes for Agree...
Comment your views...

Happy Trading !
Comments
amnart
Divergence?
InsiderB
There is Hidden Bearish Divergence - Price making lower highs and Indicator forming higher Highs.
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