Descending Triangle on USD/JPY @ D1

This descending triangle pattern on the daily chart of USD/JPY offers an opportunity for a short trade in case of a downside breakout. The triangle's borders are marked with the yellow lines. The cyan line is my potential entry level. The green line denotes my take-profit level. I will set the stop-loss level to the high of the breakout bar (not shown on the chart).

More information, chart template, and a free expert advisor to automatically trade this USD/JPY pattern - on www.earnforex.com/bl...-a-triangle-pattern/

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Cancelled due to pattern invalidation.