FX:USDJPY U.S. Dollar/Japanese Yen
This completion seems to be holding as resistance for the past ten hours. I have only a 20 pip stop on this trade. One reason is, patterns usually reverse quickly if they reverse. Two, if I am wrong, this trade has been in a tight coil for awhile and it will probably move quickly and strongly. I can be wrong a little but don't want to be wrong a lot. I'm in this trade at 119.26. T1 is at the . and T2 is at the .618. If this trade moves as I expect, I will only take off one half at T2.