A descending symmetrical triangle pattern is spotted in USDJPY. The area drawn acts as a support area and the trend line acts as a resstance line.
The possibility of being short is more because it is below all EMA which signals a starting of a downtrend.
SELL trade below the support area can be a Golden Trade chance.
The possibility of being short is more because it is below all EMA which signals a starting of a downtrend.
SELL trade below the support area can be a Golden Trade chance.
Note
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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.