Hi traders,
Here we have an interesting setup on USDJPY pair. This pair is about to complete the last part of XABCD pattern. It has followed everything perfectly up until this point and are expecting to complete the last D stop. I've gone short in the anticipation that it should complete the last stop without much fuss with a very tight stop loss. My tp is where the D stop will be completed. Should that happens then I will be looking to go long from the D stop again and I will post the tp as well.
Let me know your thoughts.
Trade safe and good luck.
Here we have an interesting setup on USDJPY pair. This pair is about to complete the last part of XABCD pattern. It has followed everything perfectly up until this point and are expecting to complete the last D stop. I've gone short in the anticipation that it should complete the last stop without much fuss with a very tight stop loss. My tp is where the D stop will be completed. Should that happens then I will be looking to go long from the D stop again and I will post the tp as well.
Let me know your thoughts.
Trade safe and good luck.
Trade closed: target reached