USDJPY Short! Third Wave Drop Has Started, High R/R

5 thg 10, 2016

Hey traders! We have a spark of the bearish drop toward the completion of the third wave toward our short targets. I have entered with a SL above wave 2 terminus. This is our new invalidation level. Bullish price action above this level will invalidate trade and thus I no longer want it. Devils advocate here is that the bearish wave count was incorrect and this is actually the completion of the first wave. If that is the case, the invalidation level will take care of the uncertainty. Updates to come as the tide rolls!

5 thg 10, 2016

Giao dịch đang hoạt động

This one is active. Nice drop to make lower lows. Moving SL to B/E very shortly. Cheers!

6 thg 10, 2016

Đóng lệnh: dừng lỗ

Devil's advocate scenario was correct! Closed at breakeven and for the sake of conservative reporting, we'll say -2 pips. We have a NEW potential bearish motive wave to sell on the pullback. Let's see how deep the pullback goes. Updates to come.

6 thg 10, 2016

Ghi chú