USDJPY Long: Ending Diagonal in Watch Zone
Updated
Is the ending diagonal complete? I have reason to believe so, based on the pop we just saw off of the bottom parallel. A drop below this level would require a recount. Therefor, stop is placed tightly below. Two targets stand on the chart. One is placed at ((a))=((c)) in a potential zig-zag. Another is placed at the completion of a potential bat pattern. There are many targets further up, but we'll focus on these two for now. Happy trading!
Trade active
Note
Great bounce! Moving my stop to break even and letting it run. Good luck allNote
Trade closed manually
Breakeven on this trade, +0 pips. I still like a long position, though. I'll be looking for re-entry
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