michael6malone
Long

I am going long to 102.01 with a stop at 101.64.

FX:USDJPY   U.S. Dollar/Japanese Yen
61 2 2
2 months ago
2016Sep19 I am going long to 102.01 with a stop at 101.64. The price has reached the 38.20% fib level on the retracement.

Prior to the retracement the pair made it to 101.85 which is approx 27 pips from the bottom. I am expecting the pair to continue for at least another 27 pips from the bottom of the retracement (as defined by the 38.20% fib level). This places the pair at the first resistance level that begins around the 102 level.

The RSI is below 50.
2 months ago
Comment: Target reached.
Rocketman PRO
2 months ago
Haha! I did the same thing. Added to my long in this daily consolidation.
Reply
MindTrader
2 months ago
USDJPY
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