USDJPY Short: Trading The E Leg

Oct 2, 2016

With the market opening lower and the gap being filled with pin resistance, I want to short this toward potential completion of the E leg. If prie rallies outside of the trendline, I'll be waiting for a long position after the completion of the bullish Gartley.

Oct 3, 2016

Trade closed: stop reached

This trade was relying on a little more speculation than I typically would trade and capital at risk was low but SL was hit regardless at 16.5p (also wider range than usual). Perhaps it is still in a triangle, but I won't trade it until we know for sure. Here's a chart updated: