glennmercer
Long

USDJPY Long: Ending Diagonal in Watch Zone

FX:USDJPY   U.S. Dollar/Japanese Yen
2 months ago
Is the ending diagonal complete? I have reason to believe so, based on the pop we just saw off of the bottom parallel. A drop below this level would require a recount. Therefor, stop is placed tightly below. Two targets stand on the chart. One is placed at ((a))=((c)) in a potential zig-zag. Another is placed at the completion of a potential bat pattern . There are many targets further up, but we'll focus on these two for now. Happy trading!
2 months ago
Trade active
2 months ago
Comment: Great bounce! Moving my stop to break even and letting it run. Good luck all
2 months ago
Comment:
snapshot
2 months ago
Trade closed manually: Breakeven on this trade, +0 pips. I still like a long position, though. I'll be looking for re-entry
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BorisMisale
2 months ago
Thanks Great analysis ! Are you in ?
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glennmercer PRO BorisMisale
2 months ago
Thanks Boris and yes I am in. Stop tightly below recent lows.
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BorisMisale glennmercer
2 months ago
Thanks a lot !
+1 Reply
glennmercer PRO BorisMisale
2 months ago
You got it buddy
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Raja8934
2 months ago
whats your stop bro
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glennmercer PRO Raja8934
2 months ago
I have a stop at 100.247 (~4 pips)
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BabasNumbaOne
2 months ago
Did you get back on it ? I am still on it, entry 100.341. +2pips (not moving alot)(waiting on Tokyo's opening.)
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glennmercer PRO BabasNumbaOne
2 months ago
Yes, I am long again. About to publish
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BabasNumbaOne glennmercer
2 months ago
Glad you do it. Always a pleasure to look at your technical analysis.
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BabasNumbaOne glennmercer
2 months ago
I got out positive, I'll wait until the end of the presidential debate. Can I expect that you publish an update after the debate ?
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