USDJPY- TRIANGLE BREAKOUT

U.S. Dollar/Japanese YenFXCM

Description

⋅ Oct 3, 2016 3:10 AM

USDJPY after strong upward move in the last days is forming a triangle patter. Wait for the breakout. Not sure now on which side it will break out because at 100.00 there is a very strong Psychological Bareer . Also Japanese Government Dont want it to do. So we really need to wait to see weather it breaks Upward or downward Thanks

Comment

⋅ Oct 6, 2016 8:30 AM

200+ pips in profit ! waiting t=to take a long position again after watching price action

USDJPY Triangle

Comments

insane844

⋅ Oct 6, 2016 8:32 AM

great dont forget telling us when to get long

Daniel-Malik

⋅ Oct 6, 2016 8:34 AM

Sure

insane844

⋅ Oct 6, 2016 8:35 AM

Thanks

gfknn5

⋅ Oct 6, 2016 6:42 AM

what is the target for UJ ?

Nice!

Daniel-Malik

⋅ Oct 6, 2016 8:35 AM

It depends on your trading style. my target is 110 at the end of this year.

gfknn5

⋅ Oct 6, 2016 8:48 AM

Thank you for reply of UJ target

I worry about tomorrow will have non-farm news ,
so, can I keep "long" during news launch ?

Nice.

Flemingo

⋅ Oct 4, 2016 7:17 AM

What is the TP target for this?

Daniel-Malik

⋅ Oct 4, 2016 9:01 AM

Only after the breakout can decide thanks

Flemingo

⋅ Oct 5, 2016 2:32 PM

Just wanted to know what the criteria for a breakout would be since it the triangle has been breached. Wait for the candle to finish to confirm?

Flemingo

⋅ Oct 5, 2016 2:33 PM

And thanks a lot for your charts! They are very educational and insightful.