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NDOBObanks

USDJPY Symmetrical Triangle Pattern Breakout Short

Short
U.S. Dollar / Japanese Yen (SAXO:USDJPY)  
NDOBObanks Updated   
SAXO:USDJPY   U.S. Dollar / Japanese Yen
Wave Analysis Chart Patterns Trend Analysis USDJPY usdjpyshort usdjpyanalysis usdjpysell usdjpyforecast Symmetrical Triangle symmetrical breakouttrading breakoutsignal
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waveanalysis chartpattern trendanalysis usdjpy usdjpyshort usdjpyanalysis usdjpysell usdjpyforecast symmetricaltriangle symmetrical breakouttrading breakoutsignal
We expect further downside on this pair, signalled by the symmetrical triangle pattern breakout. We can also see the breakout of a trendline and key level which further supports our directional basis.
Comment:
Trade got stopped out. The result was a huge false breakout in the opposite direction.
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