USDJPY reacts its strong bullish. It potentially retrace before continue rally. It has big move down potential. However always confirm your short entry with candlestick pattern and partially take your profit to secure some.
Move further high is possible though, however it will be less likely to be so.
Move further high is possible though, however it will be less likely to be so.
Note
Price moves as expected and now it's approaching the resistance zone which is also forming a Gartley in 15min chart
Trade closed: stop reached
After Gartley formed, it gave us a little bit a profit from its move to the downside. However it moved up breaking up the resistance. We could also take some profit from the move to the upside as my 2nd plan, but unfortunately price never come back to the resistance which turned to support area.
From this trade, I am in break even as I always close 1/2 position when price gives 1:1
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.