A double bottom pattern has been formed at the USD\JPY pair - pattern is 100 pips in size and looks very precise. This is a reliable pattern in which price stops twice at the same support level - which eventually leads to a beginning of a bullish movement.
Trading:
Enter long at the breakout, or at the pullback to the neckline. Target is 100 pips from the breakout location.
Source:
http://www.chartsecret.com/content/100-pips-double-bottom-usdjpy
Trading:
Enter long at the breakout, or at the pullback to the neckline. Target is 100 pips from the breakout location.
Source:
http://www.chartsecret.com/content/100-pips-double-bottom-usdjpy
