Be ready to buy or sell once you see
USDJPY break the channel
set your stop loss at the trend line.
Take half of your profit once it reach to 4:1 risk reward ratio.
Trail the other half. The break out may happen on Aug 22nd.
Be aware there are supports and resistances on each side.
USDJPY break the channel
set your stop loss at the trend line.
Take half of your profit once it reach to 4:1 risk reward ratio.
Trail the other half. The break out may happen on Aug 22nd.
Be aware there are supports and resistances on each side.
Did not expect USDJPY will open at high and break the channel.