UnknownUnicorn7195130

Price just breakout triangle pattern

Long
FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
For me, USDJPY move as correction to forming intermediate wave (2). There is triangle pattern and I consider it as wave minor B. What my concern is if we set buy limit between level 103.779-103.661, so we can get small stoploss at 103.573, and potential huge profit around 150-200pips (I can say that target profit between 105.429 till 105.863).
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.