Trade 1: USDJPY long
After expectation failure on the intraday(name ok?) and a NSH price corrected deep as expected into my AOI between 61.8 and 78.6, forming an AB and a BC leg.
Went long. Profit target a 1:1 of the swing up, creating a ABCD pattern.
+59 pips
Trade 2: USDJPY short
Longer term expectation is a NSL
After the ABCD pattern completion price was in the golden zone of the correction of the major swing down
Longer term structure to the left
Short term bulls weakaning: projection+impulse decreasing
All of that made it good to go for a short.
Now on major pain train.
It looked like the bulls were weakening between 61.8 and 78.6
But then bulls found some juice somewhere and we're now past 78.6
Stop is above the swing.
If taken out it will erase my previous profit of the day on USDJPY..
After expectation failure on the intraday(name ok?) and a NSH price corrected deep as expected into my AOI between 61.8 and 78.6, forming an AB and a BC leg.
Went long. Profit target a 1:1 of the swing up, creating a ABCD pattern.
+59 pips
Trade 2: USDJPY short
Longer term expectation is a NSL
After the ABCD pattern completion price was in the golden zone of the correction of the major swing down
Longer term structure to the left
Short term bulls weakaning: projection+impulse decreasing
All of that made it good to go for a short.
Now on major pain train.
It looked like the bulls were weakening between 61.8 and 78.6
But then bulls found some juice somewhere and we're now past 78.6
Stop is above the swing.
If taken out it will erase my previous profit of the day on USDJPY..