Morning Godal Member's, Traders and Aspiring Traders . Todays shared post is on .
Pair : USD/JPY
Time-Frame - Daily
Biased - Bullish
As price action shows on the daily a major chart pattern has been identified. This chart pattern is deemed as a major chart pattern due to the pattern being identified on a high timeframe( Daily ). The chart pattern drawn on this chart today is known as an ascending channel which can mainly be traded in two ways.
Break out or continuation and on this occasion the favoured one is continuation as we can see new higher highs and higher lows being formed. Now this being the outlook the expectation is to find a potential trade to the up side if personal entry criteria occurs.
Pair : USD/JPY
Time-Frame - Daily
Biased - Bullish
As price action shows on the daily a major chart pattern has been identified. This chart pattern is deemed as a major chart pattern due to the pattern being identified on a high timeframe( Daily ). The chart pattern drawn on this chart today is known as an ascending channel which can mainly be traded in two ways.
Break out or continuation and on this occasion the favoured one is continuation as we can see new higher highs and higher lows being formed. Now this being the outlook the expectation is to find a potential trade to the up side if personal entry criteria occurs.