Short Based On Clones

FX:USDJPY   U.S. Dollar / Japanese Yen
Price has managed to move 3 full ranges from the reference range I had cloned. Additionally price "stalled" at the top of the range last night. Given the fact the weekly .618 fib isn't to far away I think we can enter a short somewhere in this zone. I will be shorting in the 114. 40 zone with a stop just above 115.08.

The 114. 40 zone is a 50% level within the 1/4 range of the box. 50% levels are more commonly rejection levels so that is why I have chosen it as my entry.



Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out