ProfitPotential

USDJPY flag formation - Prepare to go long

FX:USDJPY   U.S. Dollar/Japanese Yen
1339 24 12
The currency pair seems to be creating a flag formation . This is usually a continuation pattern and we should expect a resumption to the upside.
thx for sharing yout thoughts.....this is my shortterm view...
Rebound ? Bottom x 4  or dead cat bounce?
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The Pair has reached an interesting trading Niveau.

1. You can try to catch the Rebound of the Little intraday selloff, with entry at the actual Level, TP1 (38,2 fibo) / TP2 (0,5 fibo) / TP3 last high @ 111,8
2. Stoppsell below the Bottomx4 with TP @ 105 and SL 108
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Maddie MaryJane
Ok this is kinda spammy
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hehehe :))
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Hey, thx for your nice Illustration..flags are my favorite trading Patterns..for further Information please have a look at https://www.tradingview.com/chart/GG2%21/UUCKiKfF-The-psychological-origin-of-a-flag/
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Tip of the day: how to make money with forex. Check the "chart of the day", do the opposite of what you see, make money!
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marcus123 RamaDeda
as most retail traders fail to make any more and get caught the wrong side of price action, you could well make money by not following the majority of traders
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Longing form here btw :)
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Nice longing! An harmonic pattens is forming now.
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Maddie Victor.Y.F
yup, a very pretty one !!
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Nice longing! An harmonic pattern is forming.
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