As I predicted in my previous post, USDJPY went into a sell around 115.000 down to 114.200, hope you fared well!
Using the Fibonacci method you can see that for the next set up the overall trend points downward.
.75 to be a safe entry area for a sell
.4
If price reaches 114.780 signal is invalid. Trade safe.
Using the Fibonacci method you can see that for the next set up the overall trend points downward.
.75 to be a safe entry area for a sell
.4
If price reaches 114.780 signal is invalid. Trade safe.
Note
I am still bearish and believe we are experiencing retracement. Signal still valid for now. Entry: .75
TP 1: .4
Potential TP 2: .26
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.
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.