UPDATE #2: TRADE: USDJPY BUY@120.530 TP1 Hit +142 pips So Far

Prices on this trade have now hit the TP1 I set for it giving us +142 pips on this trade. I have now taken off 75% of the trade's open positions and banking those profits and letting the other 25% ride up to the TP2. I've moved my stops on this to break even now. I will let this trade ride through the FOMC later today but if it hits the TP2 during the FOMC, I will close the trade and bank the TP2 profits as well.

Even though prices have completed the bat pattern here, I will not be trading it back down as I am positioning for the FOMC. Prices may very well just go sideways here in anticipation of the FOMC announcement. So that is why I am not trading the bat.

Good luck!

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**NOTE**
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