a potential opportunity on USDJPY.

I think that the USDJPY pair is poised for a breakout from what I think is a symmetrical triangle within a parallel channel. I often use the symmetrical triangle within a parallel channel as a sign of waning strength in the then current trend - in this case potential waning bearish momentum.

Just an idea.

DISCLAIMER:
This information is provided as an opinion only and is in no way meant to be used for trading purposes.

Trade geschlossen: Stop wurde erreicht:

It seems as though my chart is 2 hours off what it should be...