So here we are. Watching prices fall like a rock and now the "experts" are trying to jump on board after the train has already left the station. Well, they can catch the train on it's next stop. Me? I'm already in from 125.00 when the I posted (see Related Ideas: "ANALYSIS: USDJPY: Filled Could mark the top.") was completed and I said, "we could be at the beginning or top of the downward corrective move". This was 14 days ago. Great thing about tradingview is that EVERYTHING you post is documented and there for all to see. So no fudging!
Anyway, enough with the bragging you are probably saying....yeah, OK. I agree. Let's just get to what' this trade is doing now. From the point I made the trade till now, we've seen +440 pips in profit. At this point, it is trying to break through the BAMM B point of the bat patterns. If it should do so, the odds of the being completed just goes up! In other words, expect further price declines.
MY TRADE PLAN
Simple. I'm holding all my SHORT positions for a long ride down!