Ascending Channel on USD/JPY @ D1

The ascending channel pattern on D1 chart of USD/JPY shows a potential for a bearish breakout. The pattern's borders are shown with the yellow lines. My potential entry level is shown with the cyan line. My potential target level is the green line. Stop-loss will be set to the high of the breakout bar (not shown on the chart).

The pattern is very similar to what is currently going on in GBP/JPY. The trades are correlated, so be careful.

More information, tools, a chart template, and a free expert advisor to trade this pattern in automatic mode on
www.earnforex.com/bl...y-ascending-channel/

تم فتح الصفقة:

Entered at 122.776 with SL = 123.575 and TP = 120.843.

أغلقت الصفقة: تم الوصول لوقف الخسارة:

Stop-loss hit at 17:14 UTC.