USDJPY- Price Broke Triangle's Support RisingTrendline

19 באוק׳ 2016

Instead of breaking upside, above triangle as expected - it leaked below triangle which invalidates the structure, but definitely there is some correction is going on & this whole pattern can now be treated as W-X-Y Structure where X-was the triangle.

Trading Strategy
Going above 103.95- It will leave the correction behind & should travel to the desired zone of 104.80-105 as per our earlier expectation.