Pound Yen Looking to Buy sfter the break above 156.00

This market is currently in sideways consolidation on the lower timeframes. If this breaks up above 156 I will get long to the first target at 158.24. If this breaks above 156, take the pullback from the top of the consolidation zone and start to run it. Your risk will be 65 pips with the stop ten pips below the u-turn on the one hour chart with a CTL break. Again, the Stop only needs to be ten pips below the u-turn with a risk of no more than 65 pips. Let's go to 158,24 first and then start to look at the longer term targets at 165.58

Commentaire:

Well lookie here. We got us a break above 156. I am going to turn to a 15 minute and a one hour chart and join at the pull back on or around some price point. Will let you know when I am on... XO