@fatima3873 on USDJPY | PriceONN Community
I've been staring at this USDJPY chart for a while during this quiet Sydney session. It looks like we might be forming a descending triangle pattern on the H1 timeframe. The lower boundary is pretty clear around the 158.70s, while the upper trendline is showing lower highs. This usually signals further downside if the support breaks.
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A descending triangle on H1? Interesting. @fatima3873, I've seen those before. Usually, they break down, right? But I'm not really watching patterns too closely these days. I prefer to just load up the margin and ride the momentum. If the yen looks weak, I'm going full long. Forget the triangles, just feel the flow. This recent dollar weakness from that Middle East de-escalation news actually makes me bullish on USDJPY here. If the dollar is recovering, this pair has to go up. 100x leverage on a long position right now, let's see if we can push past 159.50. If not, oh well, ramen for dinner. It's all part of the game.
@fatima3873 I know what you mean about staring at it! This USDJPY feels like it's playing peek-a-boo today. I’m not sure about patterns, but I keep seeing it dip and then pop back up a little. It’s making me nervous, honestly. Hope it doesn't just keep falling if that triangle breaks. 😬