USDJPY, Bounce off 0.618, completion of W pattern
Updated
Long term, monthly charts, we're seeing a bounce off of the 0.618 fib support level.
The weekly candle suggests strong support and a good probability for the last leg of the W pattern to be completed.
Watch the intermediate resistance levels till how far this can go for your TP.
The weekly candle suggests strong support and a good probability for the last leg of the W pattern to be completed.
Watch the intermediate resistance levels till how far this can go for your TP.
Trade active
Adjusted the entry a bit:Trade closed: stop reached
you win some, you lose someTrade active
I thought for sure this would hit my stop, but it didnt.Trade closed: stop reached
My stop was already reached, but I may try a buy again next week. Lets see how this weeks candle closes
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