Scenario: Trading USD/JPY with a Price Breakout 1. Step 1: Identify a horizontal resistance level around 110.00, where the price has previously reversed. 2. Step 2: Wait for the price to break above 110.00 with strong momentum. 3. Step 3: Enter a long position once the breakout is confirmed above 110.00. 4. Step 4: Set a stop-loss just below 109.80 (the breakout level), and set a profit target based on previous highs or Fibonacci extensions.