CHFJPY Triangle Price Pattern Breakout

>> Jan 10, 2013


CHFJPY H4 chart. Uptrend. Prices then consolidate towards the 2 EMAs and form a triangle pattern. Wait for prices to bounce off the 2 EMAs and breakout in the direction of the trend.  Enter at breakout and wait patiently to take profit as prices continue in the direction of the trend.

A classical triangle price pattern breakout.

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