USDJPY Long - Structure Trade

3 Eyl 2016

Ignore the purple - that's a potential Gartley pattern on the daily time frame. While I wait to see whether price action completes the Gartley I am looking at a potential structure trade. Price action has been in a pretty strong uptrend but we can see bearish divergence on the RSI. So looking for a pull back down to previous structure for a long entry.

7 Eyl 2016

Not

Was looking good until a news event caused it to be stopped out. That is just how it goes sometimes.