Triangle Breakout: Japanese (Yen) is on the Run

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For those who spotted this Double Inside Bar (Daily) or Triangle formation, well done for doing so. For those who spotted it and Traded it, give yourself a big pat on the back.

The Japanese Yen broke out of consolidation this afternoon and it is flying north as I typed. Theory has it that triangle breakouts usually move at a measured move (as shown on arrows). I’m not usually a breakout trader but I’m pretty keen to find out if the theorist is even near being correct.

Thanks for reading and Happy trading!

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