CNHJPY 1hr 1month wedge breakout to the upside
Updated
Similar to the NZDUSD breakout play; we have consolidation along the upper edge of the wedge. This is a clear indication of impending breakout to the upside.
When the price hits that first moving average we will move the stop up to break even to lock in potential losses.
When the price hits that first moving average we will move the stop up to break even to lock in potential losses.
Note
false breakout to the upside stopped me out, still I am willing to hit another trade except it could be short or long depending on the direction.Trade active
short side breakoutTrade closed: target reached
17.0000 target reachedNote
I am going to let this one run; I moved my SL to 17.0226 with an open TP at 16.8Note
Closed out completely.
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