The #USDJPY pair is an amazing pair to go #Bearish on at this time! I have many reasons among them; The pair has respected the monthly trend lines and showed no interest of breaking the present bear channel! It completed the upside move in June 2015 and has been on a downside trend for the last 3 years and 10 months. It is almost done forming a triangle with double tops of the M pattern at the top! If you add the top formed in 2015 at completion of the upward trend, you get triple tops that are a great confirmation of the downward side big move of the triangle! This is also confirmed by fundamentals as they stand!
I am waiting for the completion of the triangle and then for break, I will be looking to short this pair soon. NB: This pair goes down slowly than it does on the upside, patience is key... #DragonForex
I am waiting for the completion of the triangle and then for break, I will be looking to short this pair soon. NB: This pair goes down slowly than it does on the upside, patience is key... #DragonForex