NZDJPY was in a long term up trend and we were waiting for an appropriate opportunity to take advantage.
After a trend retracement we looked for price to establish a new higher low and then looked for a trade set up on the intraday time frames.
We got positioned with a typical "Momentum Strategy" set up on the 15 minuet chart.
The NZDJPY long trend continued and we closed out at 2.5 times reward to risk to give us a 250% return on the trade.
The reason we closed out when we did was because price was approaching a long term resistance level, and booking profits was the right time to exit this trade.
Very clean example of a strategy playing out as analyzed