USDJPY Long: How I Add to Positions Using Elliott Wave

Aug 3, 2017

It is time to add to the position as a series of smaller time frame impulses has occurred. Buy stop placed above most recent bullish impulse with SL below lows. This SL will close out the entire position if hit. If not, it will be held as a double size.

Aug 3, 2017

Trade active

Addition is active

Aug 3, 2017

Trade closed manually

Exiting both positions at slightly below B/E for the addition. First impulse has been overlapped by the fourth wave, indicating further downside. I may enter long again tomorrow.

1st Position: +19.5 Pips
2nd Position: -2.5 Pips
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Total: +17 Pips