USDJPY: Bats Price Action/Waves Strike Again! +90 pips

4 thg 12, 2018

I previously posted about this pair some time ago where I was saying that "USDJPY: Is It About To Fall? Should You SELL?" and that you needed to be PATIENT and wait for confirmation before you sell. We got that confirmation and on 11/28, I blasted out a SELL call (see my links below this post) and now we are all in profit on this pair by +90 pips (at the time of this posting) and looking for more. Possibly A LOT MORE.

In my post that I published here on 3 weeks ago, I showed that my wave count was telling me that this was going to be dropping in a wave C of a correction. It had not been confirmed 3 weeks ago at the time I made that post and that is why I said to be patient and wait for confirmation. Yes, of course you might say that it turned out that it would've been safe to sell 3 weeks ago when a pin bar appeared. My reply to that is if you always take trades when a pin bar appears, although in this case, it worked out fine, you will get burned! Its ALWAYS best to wait for price action to confirm that pin bar and tell you that its ok to sell. Which we did.

Now what you also see on my chart in this post is that there are 3 POTENTIAL Bats in play now and they are all indicating that prices are going to be headed lower. And this is in agreement with my wave count.

Want more info on USDJPY and other fx pairs? See my links below or PM me.

7 thg 12, 2018

Ghi chú

Prices moved EXACTLY as I projected it would and hit the red MAJOR Trend line before bouncing. When it hit the trend line, it also hit my TP and all those that received my trade calls profited +130 pips. And that is just Trade #1. We also have a second trade on this still open and making us bank! I hope you all also were able to get in on this because this should still drop. This is what its like when you trade with PATIENCE.