Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
Sell UJ
U.S. Dollar / Japanese Yen
Short
Sell UJ
By jcmoneyman
Follow
Follow
Aug 1, 2021
0
Aug 1, 2021
4HR: price is in a downtrend, bounced off support to retrace to 50% on the 4HR Fib. RSI is bearish.
CURRENTLY, I can see that price is in a downtrend, retraced to 61.8. The RSI is BULLISH
I am looking to see if price will
(1) Retouch the 1HR trendline, then
(2) make it way to previous support, which is also -61.8 on the 1HR FIB
(50 - 80 pips)
Fibonacci
Support and Resistance
jcmoneyman
Follow
Also on:
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
.