USDJPY M15 – Trading the Break-out +47 Pips

USDJPY M15 Break-out

1. Background was weak

2. Wait for an up bar near the broken support. Entering on the break-out bar, about 2 hours before, is also valid, as long as it has a volume above average.

3. Set the take-profit on the red-line of the StopLoss indicator for the S/R Breakout setup. If there were strong signals (Major Demand/Demand signals) before they would be the exit point instead.


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