CNHJPY 1hr 1month wedge breakout to the upside

Similar to the NZDUSD             breakout play; we have consolidation along the upper edge of the wedge . This is a clear indication of impending breakout to the upside.

When the price hits that first moving average we will move the stop up to break even to lock in potential losses.
Comment: false breakout to the upside stopped me out, still I am willing to hit another trade except it could be short or long depending on the direction.
Trade active: short side breakout
Trade closed: target reached: 17.0000 target reached
Comment: I am going to let this one run; I moved my SL to 17.0226 with an open TP at 16.8
Comment: Closed out completely.

Updated breakout trade.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out