Tons of Confluence for USD/JPY Rise

Bullish Gartley
Uptrend Channel
Rejection of Channel Support
Completion of Elliott Wave 8 (4HR)
Completion of Elliott Wave 2 (Daily)
Completion of ABC Correction (4HR)
Completion of ABCD Pattern (1HR)
3rd Touch of Ascending Trendline
Rejection of Quarter Half Support
38.2% Retracement
Positive USD News

Entry: 103.22
TP1: 104.50 (+128 pips)
TP2: 106.22 (+300 pips)
SL: 102.80 (-42 pips)
R/R: 3 (TP1) & 7 (TP2)

Commentaire:

TP2 moved down to 105.70 (+245 pips) due to projected Daily Gartley or Crab forming. This is a safer level to take 2nd profit.

Commentaire:

Still holding long! Have a great weekend traders!