USDJPY can be seen in bullish trend. Earlier to the formation of the Bullish Flag there was a divergence which was more obvious in 15m time frame. That divergence caused a trend reversal which resulted in the formation of a continuous pattern of bullish flag. I have placed my pending order of Buy Stop at the breakout of the bullish flag. The projection of the upward trend is also plotted which should be approximately equal to the length of the bullish flag's pole.
The Signal is: EP:160.889 SL: 160.348 TP: 161.434 RR: 2% Lots: 0.61
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