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UPDATE #2: TRADE: USDJPY:2 LONG-TERM Patterns So Far.+820 pips

做多
FX_IDC:USDJPY   美元/日元
BOY! Was I wrong!!!! I said that it may take a few weeks to complete these patterns! How about a few days instead? I'm not complaining for sure! Bagged another +820 pips on this trade! Closed out my SHORT positions on the completion of the bat pattern and now collecting more pips on the bat! I hope at least SOME of you have followed me and also banked good pips!

Also, this recent price action has confirmed what I said was a MAJOR TREND CHANGE. Expect that this pair will continue to drop in the days, weeks and even months to come!

MY TRADE PLAN
Yes, I'm now net LONG because I am playing the bat and retracement. BUT...I am STILL VERY BEARISH on this pair and believe it's still got more downside to go! So I'm looking for TP1 and then will close out the LONG positions and look to get SHORT again. But, I will actively monitor the price action and be ready to close the LONGS immediately should I see bearish PA before TP1 is reached.

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