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WAIT FOR TRIANGLE BREAKOUT
Euro / Japanese Yen
WAIT FOR TRIANGLE BREAKOUT
By traderyo
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Updated
Jan 17, 2017
9
Jan 6, 2017
wait for the confirmation of the uptrend , we need a daily green candle close stronger above the prices .
otherwise a double top will form and i will Short below the support line or try a short near the resistance with a tight Stop loss.
risk only 1% of your capital
money managment will save your life.
happy trading.
Jan 9, 2017
Trade active
Open gap up
entry 123.300
Stop loss 122.300
Jan 10, 2017
Note
moved my stop loss to 122 support line
its still on the trend , but there is an high probability that its going to break down
so let's see
Jan 11, 2017
Trade closed: stop reached
SL hit
wait for Trump speech .
Jan 12, 2017
Note
wait for weekly close to see what structure this pair is creating.
Jan 17, 2017
Note
i'm waiting for a correction pattern before it will go up again.
traderyo
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