Long at 50% retracement.

FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
64 2 8
Looking at long entry for Monday open. W.D GANN inspired trade. I have been watching for the 50% retracement of this low time frame trend. Entry at the 50% retracement give's a target for a 100% extension marked in orange. Resistance shown with a cluster of pattern completion at 110.5.
Comment: Gap down on the open and below trend line. Now invalid set up.
+1 Reply
tst ChimbOt
appreciated :)
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