USDJPY descending triangle breakout trade

Categories: Daily Technical Analysis Tips and Picks

What do you see in this USDJPY hourly Chart? Yes, it is a Descending Triangle. The highest possible course for the price to go is down, as you can see all descending triangle, selling pressure is greater than buying pressure; so in the end, it will have to break out to the down side […]

What do you see in this USDJPY hourly Chart? Yes, it is a Descending Triangle. The highest possible course for the price to go is down, as you can see all descending triangle, selling pressure is greater than buying pressure; so in the end, it will have to break out to the down side where the support is holding. If you are unsure about this trade, go to my previous posts on forex strategies and systems, there you can find all ... Read More

Basic Candlesticks - Doji, Gravestone Doji, Long-legged Doji

Categories: Candlestick

You may think that candlesticks are intimidating, at first, that ever crossed my mind; but as I get to know them, I find them familiar to me. There are basically 12 candlesticks formations you need to know, the rest of the candlesticks are listed here (advance candlestick formations). Though not all candlesticks are accurate, but […]

You may think that candlesticks are intimidating, at first, that ever crossed my mind; but as I get to know them, I find them familiar to me. There are basically 12 candlesticks formations you need to know, the rest of the candlesticks are listed here (advance candlestick formations). Though not all candlesticks are accurate, but their high probability earn their status in many traders minds, after all we only enter high-probability trades. Their frequent price action causes the candlesticks to churn out ... Read More