Hello fellow traders!
USD/JPY Has been bullish for the last 8 days now and is being contested by the bears, I feel that there is a correction happening. So we are looking at the 50% fib retracement level for clarification.
CHECKLIST:
✔BULLISH MOMENTUM
✔RSI IN BEARS POSSETION
✔SUPERTREND IS IN BEARS POSITION TO TEST KEY LEVEL
✔50% FIB LEVEL IS BEING TARGETED
255 PIP ANALYSIS (FROM KEY LEVEL)
USD/JPY Has been bullish for the last 8 days now and is being contested by the bears, I feel that there is a correction happening. So we are looking at the 50% fib retracement level for clarification.
CHECKLIST:
✔BULLISH MOMENTUM
✔RSI IN BEARS POSSETION
✔SUPERTREND IS IN BEARS POSITION TO TEST KEY LEVEL
✔50% FIB LEVEL IS BEING TARGETED
255 PIP ANALYSIS (FROM KEY LEVEL)
Trade closed: stop reached
