USDJPY IS IN A STRONG DOWNTREND FOR MONTHS.
PRICE BREAKOUT FROM A DAILY TREND LINE AND RETESTED IT.
A BREAK AND CLOSE BELOW THE CTL IN 4H TIME FRAME WILL
LEAD PRICE TO RETOUCH LAST LOW (ALSO 0.618 FIB EXTENSION).
GOOD LUCK!
PRICE BREAKOUT FROM A DAILY TREND LINE AND RETESTED IT.
A BREAK AND CLOSE BELOW THE CTL IN 4H TIME FRAME WILL
LEAD PRICE TO RETOUCH LAST LOW (ALSO 0.618 FIB EXTENSION).
GOOD LUCK!
Trade active:
Condition triggered, trade active!
Comment:
NFP Soon, stop loss moved to 101.52 (90 Pips in the worst case scenario) :)
