USDJPY SHORT, TP at the double bottom
Updated
USDJPY50 moving average above price
fib retracement hit 38%
take profit at the double bottom/support
stop loss just below the 50% fib level
1.6 risk reward ratio
the price action has formed a falling wedge, after this trade im expecting to trade a new bull market
Comment
this is not investment advice just my thoughts :)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.