USDJPY Triangle Breakout! Ride It To The Top
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 active
Trade active! Tight Stop in place below previous degree wave four:Trade closed: stop reached
1.6 Pip SL: Looking now for a bullish impulse and pullback to enterNote
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)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.