EJ has continued to move down.
With USD / JPY breaking out of the wedge I am hopeful this trade is going to move toward my end target.
The first position (short 140.25) is in profit by 125 pips or 3.57%
The second position (short 140.00) is in profit by 100 pips or 4%.
Chart below:
Personally I am happy to hold through the pull back and look to add again.
However a profit of 7.5% is very good and you may consider closing here or at least taking some money off the table.
As I said I will look to add in again if we see another strong push down.
I will update you should I place another stop sell order.
In the mean time have a great day.
Regards
MDT
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