USDJPY WAITING FOR A BREAKOUT TO GO LONG

Okay so from a risk reward perspective buying around 109.20 with stops under 108.70 should make for an awesome trading but lets say we breakout of out of the wedge early on here's how you take advantage of it.You go long once the breakout is confirmed and the there is enough enough evidence for upside continuation i.e Candlestick pattern or you can look for a flag or pennant formation and ride it higher in both case 111.60-80 would be the likely targets.

Cheers

Trade geschlossen: Stop wurde erreicht