"USD/JPY 60 min One-to-One Fib Extension " by trader ChrisThein — published November 22, 2015

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Long

U.S. Dollar / Japanese Yen (FX:USDJPY)

FX:USDJPY U.S. Dollar / Japanese Yen

usdjpy 60min onetoone 1618fibonacciextension trendcontinuation

I'm looking for price retrace around 121.90 to get long. There is a 1.618 Fib Ext completion, a strong price movement from that level, and a one-to-one movement from the swing high. This also correlates with a 50% fib retrace on the Daily and some Renko support as well. Good luck trading.

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