FX:USDJPY   U.S. Dollar/Japanese Yen
858 3 29
We have impetuous correction of USDJPY             on background the down_trend on W TF. I will hunt the reset of down_trend. and probably it will from fibbo line resistance 0.618 level.
So, follow my signals to take a GREAT part of the down_trend after correction!
Why are you starting your fibs at 123.162 instead of at the beginning of the down move at 125.760?
+1 Reply
I am new to this FOREX world (the best!). So I am still lost in many of the technical and indicators aspects. One thing I don't get yet is why different individuals apply indicators in a different way or from different angles, starting/ending points. Like in this case, I appreciate your work Klin! I just wonder if there is a way to maybe average fib's levels so we can get a more precise range for the pivotal price action points. Because like we see here, it seems like OncleJer (hi!) could have apply the fib levels from a different starting point...
(sorry for my ignorance, just trying to learn something from you guys)
LOVE the idea , but what a correction this one was!!! WOW!!!
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