Price has broken Support and is currently re testing it from the bottom.
Trend line for additional confirmation.
Fibo 38 retracement for bigger wave and 50 for last move.
I have some concerns on this trade as already have profitable long position on USD/JPY. Correlation for 4H charts is only 53% but for daily it's 71%.
Trend line for additional confirmation.
Fibo 38 retracement for bigger wave and 50 for last move.
I have some concerns on this trade as already have profitable long position on USD/JPY. Correlation for 4H charts is only 53% but for daily it's 71%.
Trade closed: stop reached