One of the ways to engage in a buying opportunity on USDJPY is by using the Fibonacci Extension, in this case, the setup is completing at 138.02 within the buy zone and not violating the double bottom pull-back.
A 3-bar reversal at the level is the minimum I'm waiting for.
A 3-bar reversal at the level is the minimum I'm waiting for.
Note
It's amazing how the market bounces off from FE 161.8 ya. It has further shown this is no magic but real analysis.
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🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
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🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
Related publications
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.