Hi traders, usjdpy recently made double top and after retest 0,618 fibo i want short. i want keep this trade longer i think it's big chance usdjpy will go more down to retest 0,618 fibo of the big swing (D1).
Have a nice day.
Trade closed: target reached:
first take profit was hit, stop loss moved to 111,25
I agree with your bullish view on USDJPY. Our trading signal idea is also of the same bias. We have found roughly support level at 112.67 which is also a horiozntal overlap support where we are expecting a bounce.
Additionally, Stochastic is also approaching resistance which backs up our bias.