TRADE OF THE WEEK | Top-Down Confirmation Trading 💰

21 בינו׳ 2022

Hey traders,

At the beginning of the year, we spotted a major rising trend line on USDJPY pair.
We were expecting a bearish movement from that after its test.

Our confirmation was a descending triangle formation that was formed on a 4H time frame.
Its neckline bearish breakout was a trigger to open a short position.

So far 215 pips of pure profit gained and a further decline is expected.

Did you catch this move?

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