FxWirePro
Long

USD/JPY: Book profit and exit from USD/JPY long at 120.96

FX:USDJPY   U.S. Dollar/Japanese Yen
326 2 8
Book profit and exit from USD/JPY             long at 120.96
stragaw
a year ago
may be short time?
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I think that was a break-out of the consolidating triangle, which may indicate the start of the bullish trend (or a fake one), any reason why you exited the trade?
Dont get me wrong, i did bank green pips from short positions from this pair this week and did think about more bearish move but the break-out and the recents 1H, 4H candles appearing more bullish to me.
I am considering to enter long position if the price does break out the last week's high. Or waiting for further confirmation to enter shorts, especially when the consolidation of the triangle is nearly finished.
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