armandmrr

USDJPY RETEST 2 YEARS SUPPORT AND DONE 38.2% FIBO RETRACEMENT

Short
armandmrr Updated   
FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
After NFP, I see price action only done 38.2% fibo retracement. Also on Monday and Tuesday close, USDJPY didn't make higher high from Friday high. So, these 2 days price action is confirmation to go short.

Entry level 109.550 - 109.650

Risk 50 pips

TP1 100 pips
TP2 200 pips
TP3 300 pips

Good luck
Trade active:
All 3 short position at 109.56
Comment:
TP1 hit at 108.56
Comment:
Great, TP2 hit at 107.56
Trade closed: target reached:
Excellent, last short position hit TP3
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