USD/JPY IN A TRIANGLEUSD/JPY is still making the triangle. We are on a final move of the triangle. We will bounce from 61.8% or 78.6% area of fibo and after that, we will see a much higher price in the future.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.
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Usdjpytriangle
Little Triangle into Big TriangleYes it is guys, the little triangle pattern (blue lines) is almost over; as i drew i think it will break downward, after struggling into the rectangular area (more clear into the 4H chart), to reach and bounce on the main upward trendline (support line). Probably it will bounce on the flip line where multiple touches occured. It will struggle with high probbility before the breakout of the big triangle (black lines). Easy technical analysis and patience, waiting for confirmations, couls bring lots of profits! Enjoy