USD/JPY 15-minute chart: Triple Bottom
A triple bottom on the USD/JPY 15-minute chart, bullish. The video shows how to spot it, where to enter and where the stop and target go.
- Pattern: Triple Bottom (bullish)
- Entry 158.21900, stop 157.50400, target 158.82600
Full transcript
Can the dollar-yen hold above the line it just broke?
October 16: the dollar-yen on the 15-minute chart confirmed a triple bottom today.
A triple bottom is price holding three times at the same area, then breaking above the resistance band.
Price held near the same area three times, and confirmation came when it closed above the resistance band at 158.182.
The pattern is still in play.
From here, the measured target is 158.826, and the invalidation level is 157.504.
Neither level has been hit yet.
A pattern never guarantees its target, and the same shape fails just as often.
go dot borearis dot com.
Keep watching
AI-voiced; written and reviewed by the Borearis Research Team. For education only, not investment advice. Trading involves risk.