exploration

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

Short
FX:EURJPY   Euro / Japanese Yen
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-falli...

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