EUR/JPY potential breakout trading setup

In the H1 timeframe, EUR/JPY had undergone a sing of strength rally broke out the resistance at 124.7 followed by a shallow pullback as a test. There is a potential breakout, pullback and reversal trade setup for EUR/JPY when it can break above 124.90. Check out the simple way to increase the winning rate when trading breakout strategy in the video below (timestamp starts 3:48):

Below are the key parameters for EUR/JPY potential long setup for trading session on 8 Oct 2020, if there is a breakout followed by a pullback for EUR/JPY.

Entry: long stop order at 124.96

Stop loss: 124.59

Take profit: 125.35

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