The was also triggered by a piercing pattern formation and also a failed break of the . For now, prices should rise with the and when it does, it will run into a pattern which should send prices back down again back into consolidation for a while longer before finally making a push LONG.
If you like my posts and find them useful, please take a second to hit that LIKE button and follow me. It takes some time to create these posts and would like to know if it's helpful to you.
Year-to-date Profits: +5,794 pips.
USDJPY FULL Report (Subscription Required): http://bit.ly/2ttcCTV
This Month In Indexes newsletter: http://bit.ly/2tGqpcy
Want results like this? Join us: http://bit.ly/29x4bfM
But one thing I do is to always know where the market is in relation to the LONG TERM. That way, when I see patterns that are line with my long term view of where the market is headed, I can make better decisions as to whether I want to hold my positions or not. And also if the pattern is telling me that the trend is about to resume.
Hope that helps!