In USDJPY pair we are getting back to back patterns to trade. So here we are looking at two trade opportunities,
1) Channel Breakout :
With this channel breakout we can initiate short positions for the towards D from C. Incase you missed this breakout on retest of channel's lower you can initiate short positions in USDJPY
We have pattern 100.40's in USDJPY and we can make long entries based on pattern as entry reason. If you guys caught the breakout move , we can reverse our positions here to go long for hitting gartley's targets. Few may not feel to reverse position as market is completely in downward trend, they can hold their positions as per their trading plan
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