USDJPY short term outlook - Ascending triangle
Updated
📈 Exciting Trading Opportunity Alert! 🚀
Hey everyone! 👋 I just spotted a cool trading setup on USDJPY, and I wanted to share it with you!
Here's the scoop: The price of USDJPY is hanging around 151.49, and it looks like it's getting ready to break out of a pattern called an ascending triangle. 📈🔺 This pattern usually means that the price might go outside the structure one way or another.
So, here's the plan: We're waiting for the price to bust through a certain level. Once it does, we'll jump in and ride the wave! But, of course, be careful - set a stop limit on how much you're ready to lose if things don't go as planned. And when make some money, cash out!
Trading can be fun, but it's also important to be smart and patient. Let's see where this one takes us! 💼💰
Control your risk and don't be greedy!
#Trading #USDJPY
Hey everyone! 👋 I just spotted a cool trading setup on USDJPY, and I wanted to share it with you!
Here's the scoop: The price of USDJPY is hanging around 151.49, and it looks like it's getting ready to break out of a pattern called an ascending triangle. 📈🔺 This pattern usually means that the price might go outside the structure one way or another.
So, here's the plan: We're waiting for the price to bust through a certain level. Once it does, we'll jump in and ride the wave! But, of course, be careful - set a stop limit on how much you're ready to lose if things don't go as planned. And when make some money, cash out!
Trading can be fun, but it's also important to be smart and patient. Let's see where this one takes us! 💼💰
Control your risk and don't be greedy!
#Trading #USDJPY
Note
It moves within triangle, very soon we should witness a move.Keep your eyes peeled & prepare some orders.
Note
USDJPY just broke out of its triangle structure! 📈 This could mean a potential upward move ahead. Remember to stay cautious, confirm the breakout strength, and manage your risks wisely. 💼💰
Note
More than a week of consolidation, I'm out. Next move can be a big move, be careful.
Note
The Blue scenario unfolded seamlessly, yet the process of consolidation proved to be quite exhausting from March 25th to April 10th.
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