Get started
Trader856

USDJPY BUY - HIDDEN BULLISH DIVERGENCE AND BREAKOUT OF A CHANNEL

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Trader856  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns usdjpylong breakouttrading downtrend Bullish Patterns
2
0
trendanalysis chartpattern usdjpylong breakouttrading downtrend bullish
It is evident from the chart there is a breakout of a descending channel, and to confirm this breakout consolidation has occurred above the trend line and a bullish divergence on 3 hour time frame has formed. Therefore potentially allowing for a good R:R trade like all the other ideas i have previously posted.


*NOT FINANCIAL ADVISE* MERELY AN OPINION
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.