Backtesting the Former Top Long

U.S. Dollar/Japanese YenFXCM

Description

⋅ Apr 5, 2019 1:22 AM

We are in a clear uptrend and have just backtested the former top at 111.68. This may be seen as a small Fibonacci retracement. At the same time we are approaching the MA that may be seen as an additional support.

Trade closed: stop reached

⋅ Apr 8, 2019 12:50 AM

Comments

FXCM

⋅ Apr 5, 2019 9:31 AM

Great idea, I have the same bullish view on USDJPY let me know how you think