U.S. Dollar / Japanese Yen
Long
Updated

USDJPY 1H CHANNEL BREAKOUT - BREAK HOOK GO STRATEGY

612
Price is in a descending channel pattern
Price has broken out of the top of the channel
Wait for a Break-Hook-Go price pattern
You can watch for this BHG pattern on a 15m chart
After a Bearish Pullback Hook move then enter after 2 green 15m candles
Let us know what you determine your TP & SL is.
Note
Here is the TP suggested from the comment section - TP @ 106.80
snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.