The USDJPY completed a Bat earlier this week. Now it has come back to the PRZ for a type 2 trade
Trade execution Looking to go long depending on the reaction to the Bat PRZ We are now at the zone
Stops should go below the 110 levels. Note : when the type 2 trade works out, the move can easily be further than the Type 1 trades
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Too the trade as it was leaving the PRZ at 110.488. Stops at 109.80, below PtX
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Drew a profit trendline, will close the trade if price falls back below for a small loss. Else this move should have the strength to go beyond the recent high 111.45
評論
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Just saw this bearish Gartley terminating at 111.70. This can be a target for this current long trade
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USDJPY dipped 80 points after the missile strike on Syria. I am still in the trade but now at slight loss of less than 10pips
Closed of the trade with a small +10pip profit. Didn't like the trend line support turning into a resistance (see attached chart) Moreover NFP tonight, so taking the risk off the table.