10/27 Analysis: Sometimes Profits Take Longer Than Expected

During the London session, the JPY (yellow line) is the strongest currency and has momentum up.

The CAD (green line) is weak and momentum is coming into the market pushing it further down.

CAD/JPY SELL

So if you placed your entry 10 pips below the opening price (per the breakout strategy rules), your order would have been triggered only to bounce sideways for a couple hours before finally breaking through to your profit target of 20 pips.

This shows you how even with a good pattern on the indicator and with current momentum present, we can’t predict what the market will do or when.  In this case, you still have a profitable trade but it took a little longer than normal.

You can watch the entire video analysis below:

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