TRADE: USDJPY: STRONG SELL Re-Test Of 125.000 High + Gartley

As of this post, prices are re-testing the 125.000 level for a third time and currently is being rejected again forming a rejection spike. This rejection also forms a double-top.Also, a Gartley pattern has been filled.

In a previous post, I had already posted a SELL trade on this pair based on a cypher completion (see Related Ideas: "TRADE: USDJPY: Completed bearish cypher (+495 pips possbile)"). This would be another chance to get in on that trade as well.

Although I am posting the TP1 +TP2 for this trade, I am personally holding my SHORT positions for the long -term and will not take profits off this Gartley.

*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

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