USDJPY Breakout: Second Entry After Triangle

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