USDJPY Descending Triangle Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ Jul 21, 2014 9:52 AM

USDJPY looks like it's coming to the end of a descending triangle. Will enter sell order if price breaks second support level.

Triangle

Comments

Jeff_Guo

⋅ Jul 22, 2014 6:36 AM

upwards maybe

SoxKeepYouWarm

⋅ Jul 22, 2014 10:41 AM

I was wondering what the standard method for predicting the breakout of ascending and descending triangles was. I went to babypips and they said to bet on the leaning edge on the triangle. More recently I read a book that said I should bet on the flat edge. I think it's about fifty-fifty either way.