Daniel-Malik

USDJPY- TRIANGLE BREAKOUT

FX:USDJPY   U.S. Dollar / Japanese Yen
516 12 22
USDJPY             after strong upward move in the last days is forming a triangle patter. Wait for the breakout. Not sure now on which side it will break out because at 100.00 there is a very strong Psychological Bareer . Also Japanese Government Dont want it to do. So we really need to wait to see weather it breaks Upward or downward Thanks
Comment: 200+ pips in profit ! waiting t=to take a long position again after watching price action
great dont forget telling us when to get long
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Daniel-Malik insane844
Sure
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insane844 Daniel-Malik
Thanks
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what is the target for UJ ?

Nice!
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It depends on your trading style. my target is 110 at the end of this year.
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gfknn5 Daniel-Malik
Thank you for reply of UJ target

I worry about tomorrow will have non-farm news ,
so, can I keep "long" during news launch ?

Nice.
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What is the TP target for this?
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Only after the breakout can decide thanks
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Flemingo Daniel-Malik
Just wanted to know what the criteria for a breakout would be since it the triangle has been breached. Wait for the candle to finish to confirm?
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Flemingo Flemingo
And thanks a lot for your charts! They are very educational and insightful.
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