USDJPY Bullish Flag Pattern – Waiting For Breakout Signals

Hi Forex traders, I hope you had an excellent Christmas break. The markets will likely be slower than normal going through the New Years break.

Just noticed a bullish flag pattern here on the USDJPY daily chart, which could generate a good buying opportunity.

Flag patterns are like a ‘dam wall’ that forms against a clear trend in the form of a counter trend, trend line. You can see the one I’ve marked above.

If the ‘dam wall’ breaks, usually you see good trend continuation with the breakout.

Looking for a nice strong looking breakout candle here. There are various entry strategies you can use on the breakout candle, but just buying at market works pretty well.

Looking forward to trading in 2017 – best of luck on the charts guys.

Want to Try My MT4/5 Tools ? Download Here...

trade panel

Trade Panel

battle station

Battle Station

chart builder

Chart Builder

market analytics

Market Analytics

Howdy traders,

By popular request, I've release trial versions of all my custom MT4/5 tools myself and the War Room traders are using in our day to day trading.

Follow the download button below if you would like to try them out :).

Download

3 Comments...


  1. sentosa masyhor comment display photo
    sentosa masyhor
    good price action analisis

  2. Jared comment display photo
    Jared
    Thank you very much for the heads up!!!

  3. Tee comment display photo
    Tee
    Simplicity at its best.
Your Feedback is Important to Me - Please Submit a Comment Here...