Euro / Japanese YenShort
descending triangle
following the impulsive and correction phases of the market we can clearly see that after the initila movement we saw price consolidating forming into a trend continuation pattern of the descending triangle
looking forward to the breakout from this pattern given the price reacting back it will give us the best entry with a higher reward at the top level of the pattern
given a breakout we can also take aggressive risk entries and our stops should be above the declining trend line
a retest is a possible playout
given price returning up we shall take a sell at the previously broken structure
we are not looking for any buying options now
looking forward to the breakout from this pattern given the price reacting back it will give us the best entry with a higher reward at the top level of the pattern
given a breakout we can also take aggressive risk entries and our stops should be above the declining trend line
a retest is a possible playout
given price returning up we shall take a sell at the previously broken structure
we are not looking for any buying options now
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