exploration
Short

Rising Wedge Strategy EUR/USD 6.61 pip move 4 hour TF

FX:EURJPY   Euro Fx/Japanese Yen
480 5 0
Setup: EUR/JPY             4 hour time frame Break out has already happened...place Sell to profit target 99.72 area ...6.61 pip move
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 wedge 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 wedges and setting profit target and stop loss http://www.informedtrades.com/3355-falling-rising-wedge-trading-strategies.html

Please follow my charts at this link by clicking on the follow tab https://www.tradingview.com/u/exploration/#followers Thank You. I accept tip money ( tip jar) on my fathomex.blogspot.com with google             wallet Thank you for your support
dan_keydcuk
4 years ago
Hi, I notice that you often post about rising and falling wedges... How exactly to you determine an entry point for these strategies?
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exploration
4 years ago
Update post error correction the title is EUR/JPY not EUR/USD smiles and waves :)
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dan_keydcuk
4 years ago
Either way, same question I posted earlier?
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exploration
4 years ago
To DAN Keydcuk Hi i post vidoes on how to do breakouts from formations how to calculate profit target and stop outs
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 :)
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exploration
4 years ago
The videos explain how to enter a trade :) here is the basic set of videos on the strategy that i Use http://www.informedtrades.com/trades.php?page=freetradingcourses
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