Ascending Channel on USD/JPY @ D1
The ascending channel pattern on D1 chart of USD/JPY shows a potential for a bearish breakout. The pattern's borders are shown with the yellow lines. My potential entry level is shown with the cyan line. My potential target level is the green line. Stop-loss will be set to the high of the breakout bar (not shown on the chart).
The pattern is very similar to what is currently going on in GBP/JPY. The trades are correlated, so be careful.
More information, tools, a chart template, and a free expert advisor to trade this pattern in automatic mode on
www.earnforex.com/bl...y-ascending-channel/
The pattern is very similar to what is currently going on in GBP/JPY. The trades are correlated, so be careful.
More information, tools, a chart template, and a free expert advisor to trade this pattern in automatic mode on
www.earnforex.com/bl...y-ascending-channel/
Handel aktiv:
Entered at 122.776 with SL = 123.575 and TP = 120.843.
Trade stängt: Stopp nått:
Stop-loss hit at 17:14 UTC.
You can find useful tools to detect, build, and trade chart patterns - all completely free on www.earnforex.com.
