Descending Triangle on CHF/JPY @ H4
The descending triangle pattern on H4 chart of CHF/JPY provides an opportunity for a bearish breakout. The pattern's borders are marked with the yellow lines. My potential entry level - the cyan line. My potential exit level - the green line. Stop-loss is to be set to the low of the breakout bar (not shown).
More information, chart template, and free EA to automatically trade this pattern - on earnforex.com/blog/chfjpy-consolidates-in-descending-triangle-on-4-hour-chart/
More information, chart template, and free EA to automatically trade this pattern - on earnforex.com/blog/chfjpy-consolidates-in-descending-triangle-on-4-hour-chart/
Order cancelled
Order cancelled as the pattern is no longer valid.
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You can find useful tools to detect, build, and trade chart patterns - all completely free on earnforex.com.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.