USDJPY is finally breaking the descending channel

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Hey everyone !

as easy as it may seem. the price formed a descending channel and it is now breaking the upper trendline, which is a strong bullish signal.
i'm quite confident about this trade since this type of pattern on daily timeframe have a really high winning rate.
The macd indicator is confirming this setup as there is a huge bullish divergence

Right now it is the perfect moment to enter as price is stagnating after breaking the trendline, preparing for a new impulse upward. Personally i'll enter using a multi TF analysis(4H and 1H) in order to get a tighter stop loss

so ill be super mega bullish on Dollar for the next weeks. Give a thumbs up if you agree!

you can also check at my related ideas, there is a bearish setup for GBPUSD

See you soon !
Bình luận
here is a consolidation triangle on 4H, i may use it as my entry to tighten my Stop loss and therefore increase my Risk:Reward ratio
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