RaynLim

Trade Ideas Analysis: USDJPY Ascending Triangle

Long
FX:USDJPY   US-Dollar / Japanischer Yen
An interesting development of this trade, yes indeed is quite troubling when you have 100pips of running profit and the market just stall and fail to break new high, nothing is more painful when you see magic candles form after a bullish candle.

My immediate thought is to close and take the profit, spend it on Xmas and call it a year, but wait up...

It does look familiar, yes, ascending triangle, another breakout(towards the upside) setup.

Always sit back relax and use APE. Analyse the market, Plan your trade and Execute your order.

We believe that we should not slog our life away. Keep working to the minimum. How about 15mins a day?

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