FX:GBPJPY   British Pound/Japanese Yen
109 3 2
break out confirmed long entry. The spread on this pair is poor but worth a crack. trading these small intra day patterns i use a 5 candle break out rule as shown on the chart.

I'll exit position if in profit on the close of the 5th candle.

if not ill place a profit target and maintain a stop loss.

for a confirmed entry candle must close out side the wedge or channel as shown.
tst
2 years ago
snapshot
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tst tst
2 years ago
stop moved. 15min looks short for the last hour candle of my trade.
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tst
2 years ago
stop was hit for a small loss. trade closed.
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