USDJPY Sell Off Triangle and Trend Line Touch (Hourly)
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Resistance area confirmed by triangle bottom and upper trend line touch from prior pivot highs
t1: 1.272 extension coincides with support zone from left of the chart
t2: lower trend line coincides with July lows
S/L above triangle zone
Risk/Reward 1:2.8
t1: 1.272 extension coincides with support zone from left of the chart
t2: lower trend line coincides with July lows
S/L above triangle zone
Risk/Reward 1:2.8
Trade fermée: cible de profit atteinte
Note
For t1. Exited trade once pullback back to top of channel cancelled possibility of price to reach t2 in the short term.Note
Price eventually reached target 2 after massive pullback towards entry.
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