USDJPY DESCENDING TRIANGLE BREAKOUT
SHORT trade analysis on USDJPY.
Graph is looking bearish from upper trendline of Triangle and resistance zone. Price completed Descending Triangle Pattern and just retested, which signalizes bearish continuation. Bearish Engulfing Candle also indicates sell on the chart. Trade idea is also shown on RSI indicator.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.
Graph is looking bearish from upper trendline of Triangle and resistance zone. Price completed Descending Triangle Pattern and just retested, which signalizes bearish continuation. Bearish Engulfing Candle also indicates sell on the chart. Trade idea is also shown on RSI indicator.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.