This is an update on my entry and analysis on USDJPY for a buy position. I'm hoping this position will take off here in the next few hours. The pair went from a heavy indicator favorable trade for a buy, to now being confirmed by the XABCD pattern. I'm excepting the same entry, stop loss and take profit as the last trade set up. Entry at 110.480, Stop loss at 110.250, and Take profit at 110.900. I will give an update on whether this trade hit TP or SL. Thank you for viewing and following!
Trade closed: stop reached:
Our charting should've changed during consolidation periods and changes in market movements. I think we would have gotten this right have we done this. I will be doing a chart for EURUSD and AUDUSD for tonight.