FX:USDJPY   U.S. Dollar/Japanese Yen
136 4 13
UPDATE :
H4 PIN BAR FOUND AT 61.8%. QUITE UNFORTUNATE THAT PIN BAR DID NOT CUT 119.00.
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ANALYSIS IS SIMPLE.
PRICE BROKE OUT OF TRIANGLE.
BUY AT RETEST.

H4 200SMA 50SMA 20SMA CONFLUENCE AT ONE AREA
W1 3 BAR BULLISH FORMATION

PriceActionTrading PriceActionTrading
Sorry i just noticed that depending on how you draw the red trendline. It may/may not look like a breakout trade. So it is up to you to decide.
For myself, i do not use spike high to draw trendline. So yes, to me it has broken out.

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UPDATE
PIN BAR H4 FOUND @ 61.8%. UNFORTUNATE IT DID NOT CUT 119.00.

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Just a follow up to this idea for those following.

Why is this trade not suggested... Working out fine...
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