- USDJPY broke out a year ago
- Bull run took 9 months
- 3 month triangle consolidation
- 50 MA almost flat and above the mid-line (98) of triangle
- USDJPY is creating a base between 97-100 and ready to break out and continue the trend
Entry: 97.30
STP: 95.50
TGT: 103+
Risk/Reward ratio: 3.16
- Bull run took 9 months
- 3 month triangle consolidation
- 50 MA almost flat and above the mid-line (98) of triangle
- USDJPY is creating a base between 97-100 and ready to break out and continue the trend
Entry: 97.30
STP: 95.50
TGT: 103+
Risk/Reward ratio: 3.16