USDJPY: Completed Triangle (+123 pips) + Completed Cypher

In previous posts, I mentioned about a possible contracting triangle pattern and that prices would decline upon its' completion (see Related Ideas: "UPDATE: TRADE: USDJPY: SELL @124.560 Triangle + 2 Patterns"). Prices did EXACTLY that. After completing the triangle pattern, prices took a nosedive off the E point completion for a nice +123 pips as of this posting. I also mentioned that there was a POTENTIAL bullish cypher waiting and now that bullish cypher has been completed.

MY TRADING PLAN
I am closing my SHORT positions that I SOLD off the triangle completion ONLY! I am holding LONG-TERM SHORT positions on this pair from the top as per my post on 2 LONG-TERM patterns (see Related Ideas: "TRADE: USDJPY:2 LONG-TERM Patterns Could Yield 1000+ pips") which I AM NOT CLOSING.

Now I am looking to BUY a LONG position on this pair for the cypher retracement.

*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

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