ndjf310

Waiting for a breakout of the triangle for EURJPY

FX:EURJPY   欧元/日元
Just like GBPJPY             we will await for a clear breakout of the triangle.

The reason i put the short where i did was because the other two candle was caused by fundamental news but for the most part the triangle resistance has been respected.
I am shorting it if it goes below the last lower low. If it does not make it past that i will wait for it to either go long or not take a trade at all.

In either case lets wait for a clear break out of the triangle before taking any trades.

Some of you may want to take the trade a few more pips above the last higher high if you are going long

or

Take it a few more pips below the last low ensuring you will not get stopped out.

As per my usual trading style i will only risk 25 pips.

Lets hope it goes well!!
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