Macrobriefing

USDJPY H1 Triangle Continuation Trade

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
Looking for the USDJPY to trade higher, but waiting for a breakout of the recent APAC session.
Price action is forming a triangle that is encouraging based on other higher time frame continuation patterns.
Depending on which time frame analysis you generate a trading idea, I am a firm believer that you should manage the trade in the same time frame.
Though if there is a chance of a higher time frame target being reached, after de-risking on the lower time frame, you could leave a runner.

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