bulllishflag

dukeposh

Price action and chart pattern trading > A potential mega bull flag major 4 wave breakout & retest SMA200W for entry opportunity > Target: 1.414 - 1.618 fibonanci extension +15-20% > Stop: -7 - 8% SMA20W - 50W zone > RRR: 2:1 minimum Always trade with affordable risk and respect your stoploss

francesgurton

Flag pattern clearing forming on 1H chart. This pattern can also be seen up to the 4H chart. This flag pattern is a possible indication of a continuation of the bullish trend we have seen on USDJPY in recent weeks. Strong rejection at support @ 108.40 would confirm a buy or you could wait until the break out and retest at 108.80 for a more risk off-trade.