Managing the EUR/JPY Wedge Breakout

Often trade management can be one of the more difficult aspects of a trader's day.  Expectations are always created when entries trigger, but an astute trader will take cues from the market.

A higher breakout (B) occurred on the 30 minute Continuation Rising Wedge.  This as prices rallied through the uptrend resistance line of the chart pattern.

The low Initial Trend Reading (T) is a vital cue in this instance and signals the following: