Bullish Pennant on USD/JPY @ H4

Güncellendi
This chart shows a bullish pennant on the daily chart of the USD/JPY currency pair. It can be used as a trend continuation pattern in case of the price closing above the upper border of the pennant part. The pennant and its pole are shown with the yellow lines. My potential stop-loss level is marked with the red line (141.208), it is placed at the low of the pennant area. My potential take-profit level is marked with the green line (143.411), it is placed at the pole's length above the SL. I will wait for the price to close significantly above the upper border of the pennant area to execute a buy trade here.
Emir iptal
This trade setup has been canceled due to the pattern's invalidation.
breakoutBullish PennantChart PatternschartpatterntradingPennant

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