USDJPY Sell Off Triangle and Trend Line Touch (Hourly)

Por TevinW
Actualizado
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
Operación cerrada: objetivo alcanzado
Comentarios
For t1. Exited trade once pullback back to top of channel cancelled possibility of price to reach t2 in the short term.
Comentarios
Price eventually reached target 2 after massive pullback towards entry.
Chart PatternsFibonacci ExtensionhourlyshortsetupTrend AnalysisUSDJPYusdjpyshort

Exención de responsabilidad