CNHJPY 1hr 1month wedge breakout to the upside

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Similar to the NZDUSD breakout play; we have consolidation along the upper edge of the wedge. This is a clear indication of impending breakout to the upside.

When the price hits that first moving average we will move the stop up to break even to lock in potential losses.

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ملاحظة

false breakout to the upside stopped me out, still I am willing to hit another trade except it could be short or long depending on the direction.

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تم فتح الصفقة

short side breakout

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أغلقت الصفقة: تم الوصول للهدف

17.0000 target reached

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ملاحظة

I am going to let this one run; I moved my SL to 17.0226 with an open TP at 16.8

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ملاحظة

Closed out completely.