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chinly90

Long the pin bar retracement

Long
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
chinly90 Updated   
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Fibonacci Candlestick Analysis
1
0
supportandresistance fibonacci candlestick
I am looking to long at the retracement 0.618 of the pin bar.
Hopefully, the support can hold and the price can go a lot higher.

If the price did go up, it is possible to break the resistance.
Let's see.
Comment:
Let's take a look at H4 chart.
snapshot

It also forms an inside bar and it did break.
I would like to long at the retracement 0.618 of the formation.

That's the same concept at Daily chart, it is a tight SL point.
Trade active
Trade closed: stop reached
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