alexp

USDJPY - triangle breakout and steeper trend

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
1
USDJPY has just broken out of triangle and also trend is getting steeper - this usually results in a strong bull breakout

When triggers above 78.9 - long with take profit target of 79.9 and stops at 78.05.
This is a high probability trade, hence, reward/ratio is almost 1:1
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.