USD:JPY Daily. Triangle strategy update

Hi,

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

Cheers

Ric

About Ric Spooner

Over 30 years market experience - professional trader, broker, director
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