glennmercer
Long

USDJPY Breakout: Second Entry After Triangle

FX:USDJPY   U.S. Dollar/Japanese Yen
Traders, previous entry stopped out at 1.5 pips! Here's a second attempt with another high R/R. SL is placed above lows. It has already started to run a bit, if you take a trade like this, be certain of the amount of capital you're risking and be sure to place your stop accordingly. I intend to ride this to T2 with a quick move to B/E after small rally (if SL is not hit!). If SL is hit, I will wait to short from the completion of bearish bat up at T2. PS: This will be a beautiful opportunity to short from those levels! Happy trading
Trade active: Order filled and now I'm moving stop to B/E. Good luck!
snapshot
Comment: Traders! Here's a potential wave count on the lower timeframe. Seems to be a leading diagonal, which is a good sign for further bullish movement. Let's see how it plays out. Nothing is for certain! Cheers
snapshot
Thanks...i liked your approach glen.
Reply
NP Piptamil, glad you find it useful
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Hi Glen, what's your SL set at for your new long entry?

Thanks
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Hanu, SL: 100.476, TP: 102.471 (on chart, FYI). Cheers
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Hanu727 glennmercer
I like the way you trade and protect your capital with tight SLs.

Good luck friend
Reply
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