J_Graystone
Short

USDJPY - Fibonacci Inversion Trade (Short)

FX:USDJPY   U.S. Dollar/Japanese Yen
1309 3 30
Whilst doing my pre market analysis this morning I identified there is a potential Fib Inversion trade set up on the USDJPY             .

We have a 618 retracement , a 1414 Extension, an ABCD equal measured move, a 1618 inversion and previous structure support

It will be interesting to see if we get a doji candle at the 1618 inversion area.

Good luck in the markets this week and ill see you in the live room.

http://tradeempowered.com/london-live-room/
Hi Jason. Thanks for sharing. Out of interest when does this type of trade become invalidated? many thanks
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Jason, if i’m not mistaken is there in the CD leg also a ABCD. I have taken the liberty to use your sketch / plan to work it out.

snapshot
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Nice Jason :) see you in Live room
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