The USD/JPY currency pair has formed a symmetrical triangle chart pattern while consolidating on its daily timeframe chart. The actual pattern spans from November 9 and follows a
The chart screenshot below demonstrates the pattern with its borders marked by the yellow lines. The cyan line is where my potential entry level will be (it is at 10% of the triangle’s base width below the lower border). My
I have built this chart using the ChannelPattern script. You can download my MetaTrader 4 chart template for this USD/JPY pattern. You can trade it using my free Chart Pattern Helper EA.
Update 2020-11-16 19:18 GMT: The triangle pattern is no longer valid, so I have just canceled this trading setup:
If you have any questions or comments regarding this symmetrical triangle on the USD/JPY chart, please feel free to submit them via the form below.