EverythingForex

USDJPY: Bearish Gartley TP1 Hit (+34 pips)...What Next?

Singkat
FX:USDJPY   Dolar A.S. / Yen Jepun
So the ADP gave this pair a nice kick in the butt and got it moving in the right direction (well, at least according to my analysis is the "right" direction!). So already bagged +34 pips on the news release but TP2 lands right about where I am expecting prices to meet the upper trend line of the ascending triangle pattern and am expecting this to be the last leg of that triangle before moving firmly up and hopefully through the top of the triangle. So for now, I am closing only 30% of my positions and holding the other 70% for the TP2 since I am expecting to reach the E point. But I am going to short close the TP2 and not wait for the whole thing to be safe.

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