with exit strategy included? If so it is a good risk to reward.

Auslanco - GBP/JPY and GBP/USD (newstrade)

But she died inside the wedge....hehehehehe

Auslanco - GBP/JPY and GBP/USD (newstrade)

See how she has respected the wedge so far? It is getting tighter each time. Breakout will come.

Auslanco - GBP/JPY and GBP/USD (newstrade)

146.76 will be a double top on that hourly chart. (edit) 147.33 double top

Auslanco - GBP/JPY and GBP/USD (newstrade)

Inside this wedge the range will get tighter each time.Take partial profits early. she is like coil that is being compressed. Eventually something must break.

Auslanco - GBP/JPY and GBP/USD (newstrade)

If the sudden move is a 200 pip move, like we have seen a lot lately, then you would have captured several 20 pip trades along the way up. This strategy works better than any E/A or robot, and I just gave it to you for free. No downloads necessary ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Some traders will place limit orders safely outside the wedge formation. They stagger a series of small positions with 20 pip targets along the way up. Therefore, they are protected by any giant impulsive move that automatically books the profits on ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

She will need a big trigger for the breakout to occur. Look for it.....

Auslanco - GBP/JPY and GBP/USD (newstrade)

You nasty boy.....

Auslanco - GBP/JPY and GBP/USD (newstrade)

Then take a partial profit at your target, and leave a remnant to catch a possible breakout, if one occurs. If this happens to be a false breakout, then you just captured all of it. If it is the real breakout, then you have a superior entry to build ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Get your stop loss to break even when it is safe to do.

Auslanco - GBP/JPY and GBP/USD (newstrade)

In my Wedge Trading Strategy, I use limit orders sitting just before the wedge top and wedge bottom. Stop loss on the other side. TP just before the opposite end.

Auslanco - GBP/JPY and GBP/USD (newstrade)

yummmm

Auslanco - GBP/JPY and GBP/USD (newstrade)

By that time the downmove will be confirmed and safer. More risk tolerant traders will take the position before that happens.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Watch for head fakes and false breakouts, should they occur. Stick to your trading plan.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Look at this beautiful triangle wedge formation. She must test both ends until a breakout occurs.

Auslanco - GBP/JPY and GBP/USD (newstrade)

The risk to reward on this position has been very good so far. I don't know when the break out is coming, yet.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Trade with logic and good odds. Forget your bias.

Auslanco - GBP/JPY and GBP/USD (newstrade)

If this Geppy holds the range, she will reverse again. If she breaks out, she will retrace and retest. Exploit it.

Auslanco - GBP/JPY and GBP/USD (newstrade)

In a few hours you will be shorting the bottom of the range.

Auslanco - GBP/JPY and GBP/USD (newstrade)