USDJPY - Type 2 re-test

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

Zlecenie aktywne:

Too the trade as it was leaving the PRZ at 110.488.
Stops at 109.80, below PtX

Zlecenie aktywne:

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

Komentarz:

Just saw this bearish Gartley terminating at 111.70.
This can be a target for this current long trade

Zlecenie aktywne:

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

economictimes.indiat...cleshow/58058556.cms

Zlecenie zamknięto ręcznie:

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.