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MuhammadArif039

USDJPY - In Bullish Trend

Long
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
MuhammadArif039  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
USDJPY can be seen in bullish trend. Earlier to the formation of the Bullish Flag there was a divergence which was more obvious in 15m time frame. That divergence caused a trend reversal which resulted in the formation of a continuous pattern of bullish flag. I have placed my pending order of Buy Stop at the breakout of the bullish flag. The projection of the upward trend is also plotted which should be approximately equal to the length of the bullish flag's pole.

The Signal is:
EP:160.889
SL: 160.348
TP: 161.434
RR: 2%
Lots: 0.61
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