KVE

USD/JPY: Breakout strategy on to a bat or AB=CD?

FX:USDJPY   U.S. Dollar/Japanese Yen
138 0 5
The chart should explain itself.

I will trade the breakout of the horizontal range after confirmation and will set buy and sell orders for both the AB=CD and the bat. If one is triggered the other will be deleted.

Trade closed: stop reached: Closed the short prematurely (didn't get the good entry as on the chart though...) and so didn't maximize my profits...

The long order was triggered but SL reached very quickly...

Still in profit globally due to the short, but it could have been better...

In hindsight: should have added shorts at the bounce of the horizontal resistance, but I didn't so...
Order cancelled: Don't forget to close the pending order on the bat!
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out