glennmercer
Long

USDJPY Breakout: Second Entry After Triangle

FX:USDJPY   US-Dollar / Japanischer Yen
Traders, previous entry stopped out at 1.5 pips! Here's a second attempt with another high R/R. SL is placed above lows. It has already started to run a bit, if you take a trade like this, be certain of the amount of capital you're risking and be sure to place your stop accordingly. I intend to ride this to T2 with a quick move to B/E after small rally (if SL is not hit!). If SL is hit, I will wait to short from the completion of bearish bat up at T2. PS: This will be a beautiful opportunity to short from those levels! Happy trading
Trade ist aktiv: Order filled and now I'm moving stop to B/E. Good luck!
Kommentar: Traders! Here's a potential wave count on the lower timeframe. Seems to be a leading diagonal, which is a good sign for further bullish movement. Let's see how it plays out. Nothing is for certain! Cheers
Hi Glen, what's your SL set at for your new long entry?

Thanks
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Hanu, SL: 100.476, TP: 102.471 (on chart, FYI). Cheers
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Hanu727 glennmercer
I like the way you trade and protect your capital with tight SLs.

Good luck friend
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Thanks...i liked your approach glen.
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NP Piptamil, glad you find it useful
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