AW2729
Short

USD/JPY Descending Triangle

FX:USDJPY   U.S. Dollar / Japanese Yen
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2
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Title is self explanatory :

Formation of a Descending Triangle after a downtrend. I would wait for a break in the support line of the triangle to enter the trade. RSI also shows a bearish trend highlighted by the red trendline , which is a sell signal.

Since it is a chart pattern, SL can be tightened a little bit more to the entry price.

- Good luck all
Feb 02
Trade closed: target reached
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