UPDATE #2: TRADE: USDJPY: BUY@120.460 Catching A Wave 3 Up? +159

On this trade I posted 7 days ago, has now reached what was originally my TP1 in that post. Combined, this trade has bagged +159 pips taking 50% at the TP1 and now taking more profit at the current TP2 on the above chart.

Here's the chart of the original trade post:

So now that prices have reached my TP levels, what now? At the present, there is a POTENTIAL cypher that has formed pointing prices lower in what I think is only a retrace before prices continue higher. However, that isn't guaranteed!

So that is why I am closing 50% of the remaining LONG positions I have left on this trade and pocketing the profits. I'll look to find another good entry point as prices possibly retrace but if it does not and just continues higher, I'll be letting the remaining 25% of the original trade ride higher.

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