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glennmercer

USDJPY Triangle Breakout! Ride It To The Top

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
glennmercer Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
usdpy glennmercer gmercerfx breakout Triangle
22
12
usdpy glennmercer gmercerfx breakout triangle
Hey Traders! USDJPY has completed a triangle at the end of wave-(B), alternatively wave-2. This move has potential to find T2. Stop is very tightly placed behind wave ii pullback on a lower TF. Will update as the breakout unfolds. Happy trading!
Trade active:
Trade active! Tight Stop in place below previous degree wave four:

snapshot
Trade closed: stop reached:
1.6 Pip SL: Looking now for a bullish impulse and pullback to enter

snapshot
Comment:
Traders! For those still interested in a long USDJPY, I've entered a second time with another tight stop. This will be last entry before then looking for shorts (unless there is a very large pullback toward invalidation level)
USDJPY Breakout: Second Entry After Triangle

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