USD/JPY has been hovering within the triangle structure for the past week awaiting FOMC and BOJ updates.
Big Opportunity lurking.
TREND CONTINUATION - Await Price action upon close of the daily candle below the triangle structure.
- Enter short with TP 1 @ 100.00
Trend BREAK - Break of the Upper Red Line ...
Waiting for the daily candle to close above the Triangle Structure shown. Take long position at re test of break level.
TP 1 - 0.74
TP 2 - 0.75
Potential Short Position also upon close of Daily candle below Triangle Structure.
TP along Lime Lower trendline