Please note when doing breakouts on EUR/JPY wait for retest of the break out (retest means price will try to go back to the area) price action will try to wipe out stop outs before price starts to move in the direction of the breakout profit target as you can see in some of the history on the charts..
Video tips on rising and setting profit target and stop loss http://www.informedtrades.com/3355-falling-rising-wedge-trading-strategies.html
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see this video http://www.informedtrades.com/3355-falling-rising-wedge-trading-strategies.html ......
I place my entry point when i think a break out will happen with a market open order or if i am present i will place the entry when a break out has happened. All my profit targets have stop outs add me to you follow list :)