VasilyPonomarev
Long

Simple trade on yen based on structure and fibs

FX:USDJPY   U.S. Dollar/Japanese Yen
245 2 11
9 months ago
snapshot
9 months ago
Trade closed: stop reached
JVtrading
9 months ago
Hi. Two different scenarios on UJ. What is the strongest possibility?
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VasilyPonomarev JVtrading
9 months ago
Hello, it depends on how the market is gonna react on our potential reversal zone, if it strongly breaks it and goes futher, it will be the confirmation of bearish move and retest of the low. If it immediately bounce after touching the reversal zone, we gonna see the retest of the highs.
I posted it to make you notice that on yen we now possible can see reverse! ;)
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