USD:JPY Daily. Triangle strategy update


I posted a potential set up for this on 16 December and some strategy notes after it was triggered into on 24 December

The dynamic stop level has now been hit so the one candle trailing stop comes into play. The current stop is just behind yesterday’s candle at 82.90. This will be trailed down each time a candle with a new low is completed until it gets to 82.16. After that it is left at 82.16 but moved down behind any new corrective trend peaks below that level



About Ric Spooner

Over 30 years market experience - professional trader, broker, director
This entry was posted in Forex, Market, Trading. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s