USDJPY barrier triangle
The pair has formed a barrier triangle to complete subwave 4 of wave (5). On the H4 timeframe, a contracting triangle formed and price broke to the upside giving us opportunities to enter a long trade. We are anticipating a bullish run to 117.50 level.
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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.