TAS
Long

USDJPY Long at retracement

FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
103 2 3
After the triple bottom price retraced to the 61.8 fibo and is now on the way up.
CORRELATION
1-61.8 FIBO
2-S2 daily
3-hight probability move up

PAIR CORRELATION
GBPJPY             +90.9%
EURGBP             -86.6%
Don't double your risk by entering on correlated pairs
Trade active: Entered on my trigger
Comment: Price still ranging around entry price, I'll close the position before the NFP news
Comment: Had to drop SL below S3 after the news. Still expecting price to rise
Comment: Will ad to position if price confirms bounce of the s3 pivot point
Interesting analysis, I agree with the order you place at this time.

But is there more to your analysis?
Reply
TAS TPittard
Is there more? like fundamentals? what do you mean? The more I see is that there is a longterm trendline and price is atracted to it, after the tripple bottom I'm expecting it to move twards the long term trendline.
Reply
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