How to trade a breakout / before the breakout ( 200 pips on GBPJPY )

"this Market has now pushed up into this level of resistance major level level of resistance that was respected before between the 148.5 area and 1. 14719 area since the market has pushed into this area and then been pushed directly back down by well over 400 Pips"

"that leads me to believe that that's a major level of structure and this Market may continue to fall for a while and with my expectations being that this Market makes it at least to here and possibly even down even further to here"

"so with daily structure coming together like that I decided to go ahead and drop down to a smaller time frame and look for an actual strategy and that's what I'm going to share with you guys today so let's go down to the 4our and take a look at the other aspects that led me to believe that the pound Yen was going to drop"

"this Market's been in an uptrend for a while here on the 4our chart so that means the market is somewhat exhausted and ready to take a little break possibly even reverse trend for a little while here on the 4H hour chart"

"as for an entry reason I wait for three tests of the original resistance level and after the third test I trade a close below candle"

"I need a move down that's a certain number of Pips maybe you need a move that breaks structure so we talked about this earlier this this move did break through this support level so maybe part of your rules could be I need a move that breaks through a support level a support level with at least a 100 or 200 pip drop on these pairs with larger atrs like the pound Yen so maybe you need at least a 200 pip drop and the market to have just broke below a support level"

"so you're looking for a drop of at least 200 Pips below a previous level of 4-Hour structure and you're looking for the creation of a flag pattern based on the rules that we just discussed and then if you'd like to get involved before the breakout happens remember the entry was one test of resistance here two tests of resistance here and after that third test of resistance waiting for a break Below close below candle like we just discussed here"

"here would be the trade setup if we had caught the breakout on the breakout as you can see we would have been nowhere close Hing to targets probably only like 40 or 50 Pips actually in the good yeah so 51 Pips to the good and we'd be looking for 213 Pips just to hit first targets"

"and now let's consider this in this case we've already hit our first targets and we're currently sitting at a 1.84 risk reward on the second part of our position and let's say the market does make it down to our first Target from our actual breakout entry if that actually happens we'll be looking at a 3.68 risk reward on that position"