0.5 and 0.618 confirmed by structure after an impulsive move

Long

U.S. Dollar / Japanese Yen (FX:USDJPY)

Updated

FX:USDJPY U.S. Dollar / Japanese Yen

Trade with care and watch out for news.

Comment:

puh... close... level one is now invalid for me in the moment.

Comment:

There was a nice reaction at level 2.. I didn't trade it, because I couldn't be at the computer at that moment. And I don't like to set and forget trade, when I'm countertrend. My strategy would have been to raise my SL with each higher low on the M1. This would have given me a profit of about 60 pips. I am not sure how where this is going from now on. Probably there is still some upward momentum involved.

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