USDJPY @ .618 Retracement of Down AB SwingCounter Trend Line Break @ Daily Down Trenline
StochRSI over bought
Price Below 0.236 of last down AB Swing
STOP LOSS: 15 PIP ABOVE PREVIOUS HIGH; @112.157
TAKE PROFIT:
FIRST TARGET - Fib Level 1.27 of first AB Down Swing @ 105.408
SECOND TARGET - Fib Level 1.618 of first AB Down Swing @ 103.328
EXCELLENT RISK:REWARDS 5.25%
I will watch the trade over time and modify if necessary!!
Trade active
Price Broke Above Down Trendline but still testing the Back Side of Counter Trendline. Market is Bullish.
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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.