- August 23, 2019
- Posted by: Tradingshot Articles
- Category: Uncategorized
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Pattern: Descending Triangle on 1M.
Signal: Bullish as the price made contact with the 1M Support Zone.
Target: 109.000 (the 1D Resistance). For risk seekers, if the Golden Cross (MA50 over MA200) takes place on 1D (as seen on the chart) it can extend towards the 112.00 1W Resistance.
Tradingview link:
https://www.tradingview.com/chart/USDJPY/2hYpnx51-USDJPY-Buy-Signal