The formation of descending triangle in USDJPY started from last week and still price is ranging within the triangle, we may have a breakout soon.
Descending Triangle - Enter the Breakout
Entry - Breakout direction
Stops - Either the other side of Trendline or ATR based
Targets - Height of Triangle
Check your Risk:Reward before entering the Trades.
Hit Likes for Agree...
Comment your views...
Happy Trading !
Descending Triangle - Enter the Breakout
Entry - Breakout direction
Stops - Either the other side of Trendline or ATR based
Targets - Height of Triangle
Check your Risk:Reward before entering the Trades.
Hit Likes for Agree...
Comment your views...
Happy Trading !
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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.
Related publications
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.