Hello dynamic traders,
I hope you are all enjoying the dynamic trader updates on our other forex blogs fxcps.com and fxcps.co.uk.
I wanted to post a snapshot of a chart that is on the brink of a breakout and soon this currency will provide us a good profit. What is required is patience and the use of our mechanical entry points such as what Javid has shown you all on the mentoring webinars and one to one mentoring.
The Advanced Get USDJPY daily chart below shows a squeeze that is in progress providing a nice triangle formation which is close to a breakout / breakdown. Wait for the signal before taking a trade but as always please do your own technical analysis prior to entering any positions.
USDJPY is in a downtrend and has the figure just above proce action and is in a triangle formation.
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Good trading...
Anne Chapman
Currency Analyst
