A very price bullish pattern has been broken in the USD\JPY Forex pair - the Triple Bottom. This is a very strong bullish pattern that leads to a uptrend in 83% probability. Note that the neckline is a tested Resistance area that was confirmed for 5 times and proven as strong.
Trading:
Price has began to pull back to the neckline. Wait for confirmation from candlesticks and enter Long trade with target of 200 pips and stop loss behind the downswing (90.20).
Analysis Source:
http://www.chartsecret.com/content/usdjpy-triple-bottom-200-pips
Trading:
Price has began to pull back to the neckline. Wait for confirmation from candlesticks and enter Long trade with target of 200 pips and stop loss behind the downswing (90.20).
Analysis Source:
http://www.chartsecret.com/content/usdjpy-triple-bottom-200-pips
