USDJPY - Fibonacci Inversion Trade (Short) Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ Jun 7, 2016 5:15 AM

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.

tradeempowered.com/london-live-room/

Comments

AngusStewart

⋅ Jun 7, 2016 2:51 PM

Hi Jason. Thanks for sharing. Out of interest when does this type of trade become invalidated? many thanks

UnknownUnicorn377976

⋅ Jun 7, 2016 7:18 AM

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.

Tomas.D.

⋅ Jun 7, 2016 5:52 AM

Nice Jason :) see you in Live room