USDJPY on the 1H time-frame.
Steps:
1. The price created the higher low and breakout the previous high to confirmed the reversal pattern.
2. The price hit TP at the Fibonacci level 261.8% at 110.336
3. Still focusing an uptrend and the next TP at the Fibonacci level 361.8% and 423.6% which are close to the resistance zone.
4. Trailing stop is working.
Steps:
1. The price created the higher low and breakout the previous high to confirmed the reversal pattern.
2. The price hit TP at the Fibonacci level 261.8% at 110.336
3. Still focusing an uptrend and the next TP at the Fibonacci level 361.8% and 423.6% which are close to the resistance zone.
4. Trailing stop is working.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.