USDJPY - Potential harmonic patterns
Updated
Just an observation. I'm currently flat, waiting to see if an opportunity presents itself.
- Potential pattern short entry up at 111.193
- Potential pattern long entry down at 110.663
Time will tell. I'll post here if I decide to jump in either of these.
Trade safe. Good luck all!
- Potential pattern short entry up at 111.193
- Potential pattern long entry down at 110.663
Time will tell. I'll post here if I decide to jump in either of these.
Trade safe. Good luck all!
Note
I'm not one to usually set limit orders, but I need to grab a couple hours of sleep. Don't want to doze through an opportunity so I'm setting some sells around 111.193. Recent structure gives an obvious stop-loss zone.Order cancelled
Order cancelled. If it sets up I'll trade it manually
Trade active
That was so fast I should have left the limit order...lolAnyway, short active. Fingers crossed
Note
I'm going to be optimistic and call the target to be 110.663. Best case scenario I take a tidy profit and be on the lookout for a potential long entry.
But if it breaks below the low I'll wait for a retest or price pattern to give an opportunity to join the short, already in progress
Trade closed: stop reached
never a dull moment in Forex :-)
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