olly48

USD/JPY Descending Triangle

Short
FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
As previously reported this has been following a descending triangle for many months now. It is near the top trend line so a short is fairly safe from here with a stop loss just above the trend line , TP at the previous low. For a better entry I would monitor the 1HR timeline with MACD .

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