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glennmercer
28. Sept. 2016 01:06

USDJPY Triangle Breakout! Ride It To The Top Long

U.S. Dollar/Japanese YenFXCM

Beschreibung

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!

Trade ist aktiv

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

Trade geschlossen: Stop wurde erreicht

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

Kommentar

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)
Kommentare
iyam
Thank you !
Glenn, appreciate it very much.
i see great charts from you, very clear analysis.
Thanks
glennmercer
Thanks for the kind words Iyam
TradZ
Love the trendlines
glennmercer
Thanks Tradz
piptamil
Question Glen.

Why you put tight stoploss as you indicated in main chart as Long?
glennmercer
PT, Long means it's a USD buy position against the JPY. This is a breakout trade so any retrace below lows invalidates.
piptamil
oh thanks Glen.
sanmed02
u wait for a pullback?
glennmercer
San, yes I always wait for a pullback
MrLatchman
still in.. should i keep it?
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