QuileHills
Long

USDJPY Buy Stop If Support Holds

FX:USDJPY   U.S. Dollar/Japanese Yen
352 7 5
I had previously noted USDJPY's approach to this fib support correlating with RSI approaching oversold on both the 1H and 4H charts.

Since that is now the case I'll be watching for the pair to accept this support and head back to the trend resistance.
Comment: This pair may be at the point of invalidation for this particular trade set up.
I spoke to soon lol
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It's best to get a sustained confirmation of the support acceptance within a reasonable distance from the support. You'll notice my entry level for the buy stop was just above an open and close of some recent 4H candles.
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Fatary QuileHills
please post sir..
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Looks Like a reversal starting right about now?
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agreed !
+1 Reply
QuileHills king.cholette
Who knows where the pair will find it's next support if this one fails?
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king.cholette QuileHills
110.661 ?
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