USDJPY - Mixed signals but ascending triangle pattern forming!
4 hour rejection off a supply zone, 1 hour POSSIBLE rejection of the zone, but an ascending triangle is formed on the 1 5min chart. It is worth noting that the US futures are DOWN though
This pattern of higher lows pushing against a resistance zone and therefore, in line with the usual structure; would indicate a continuation of a bull trend.
The size of the push should be around the size of the triangle's height, but only aiming for 10 PIPS. With a 1:1 Risk:Reward.
This pattern of higher lows pushing against a resistance zone and therefore, in line with the usual structure; would indicate a continuation of a bull trend.
The size of the push should be around the size of the triangle's height, but only aiming for 10 PIPS. With a 1:1 Risk:Reward.