USD:JPY – Daily. Triangle Set Up

USD:JPY has formed into an ascending triangle pattern. The standard approach to a triangle is to enter on in the direction of a confirmed break out of the triangle pattern.

At this stage the market is flirting with a break through resistance at the top. If you follow a dual time frame strategy, the stochastics on the weekly chart are trending up confirming prospects for a buy trade at present

If we get a set up, I’ll post some strategy notes

You can follow us on Twitter at RicCharts and DaveCharts



About Ric Spooner

Over 30 years market experience - professional trader, broker, director
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