VasilyPonomarev
Long

Simple trade on yen based on structure and fibs

FX:USDJPY   U.S. Dollar/Japanese Yen
245 2 11
snapshot
Trade closed: stop reached
Hi. Two different scenarios on UJ. What is the strongest possibility?
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Hi, it depends on how the market gonna react on potential reversal zone, if we will see the strong breakout, so the market is bearish and it is gonna be the stringest possibiliy, if it immediately reverses after facing potential reverzal zone so we can expect the retest of highs!
Reply
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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