exploration

EUR/JPY 1 week TF Symmetrical Triangle ...8.34 pip move

FX:EURJPY   Euro / Japanese Yen
307 4 0
EUR/JPY             1 week TF Symmetrical Triangle ...8.34 pip move
Setup:Trade when price breaks out of the triangle either on the downside or upside.
Example: if price breaks on the downside of the triangle at 127.58
127.58 minus 8.34 = 119.24 area profit target
Note: If you switch to the 1 day chart you can see the triangle more clear.

Symmetrical Triangle calculation
High 133.485 minus Low 125.143 = 8.34 pip move

These are the videos I learned on how to trade forex
This is a video on how to place stop out and limits on trading triangles
http://www.informedtrades.com/3573-learn-trade-triangle-chart-patterns-part-2-a.html

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A EUR/JPY Chart I am watching
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Here is a chart i am exploring
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This chart is targeting 110.538 area
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This chart shows a probable downside in price movement ...
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