Trade idea: usdjpy long 1hour.
Trade idea: usdjpy long 1hour.
We are in good trend on this pair i suppose we are going to continue this trend we are trading to and psychological level of 150.000. Because the trend is our friend. We are also with and penants pattern that we are forming a once we break out of there we are definitely good to go looking for higher prices. My take profit i determine with the same move from previous push. Lets go lets grow lets get it.
Characteristics Of A Bull Penant.
Flagpole: To speak of a bull pennant, an uptrend must always be present first. This is called the flag post.
Flag (pennant): This is the consolidation period, where the price moves in a triangle. Here the price makes lower highs and higher lows, squeezing the price, so to speak.
Breakout: A breakout of the upper resistance trend line indicates that the uptrend is going to continue. A breakout of the lower support trend line invalidates the pattern.
We are in good trend on this pair i suppose we are going to continue this trend we are trading to and psychological level of 150.000. Because the trend is our friend. We are also with and penants pattern that we are forming a once we break out of there we are definitely good to go looking for higher prices. My take profit i determine with the same move from previous push. Lets go lets grow lets get it.
Characteristics Of A Bull Penant.
Flagpole: To speak of a bull pennant, an uptrend must always be present first. This is called the flag post.
Flag (pennant): This is the consolidation period, where the price moves in a triangle. Here the price makes lower highs and higher lows, squeezing the price, so to speak.
Breakout: A breakout of the upper resistance trend line indicates that the uptrend is going to continue. A breakout of the lower support trend line invalidates the pattern.
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