USDJPY Triangle Breakout! Ride It To The Top

Sep 28, 2016

Hey Traders! USDJPY has completed a triangle at the end of wave-(B), alternatively wave-2. This move has potential to find T2. Stop is very tightly placed behind wave ii pullback on a lower TF. Will update as the breakout unfolds. Happy trading!

Sep 28, 2016

Trade active

Trade active! Tight Stop in place below previous degree wave four:

Sep 28, 2016

Trade closed: stop reached

1.6 Pip SL: Looking now for a bullish impulse and pullback to enter

Sep 28, 2016

Note

Traders! For those still interested in a long USDJPY, I've entered a second time with another tight stop. This will be last entry before then looking for shorts (unless there is a very large pullback toward invalidation level)