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pecpec

Short USDJPY

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
pecpec Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Fibonacci Trend Lines USDJPY
5
0
supportandresistance fibonacci trendline usdjpy
Pros
  • Falling peaks/trooughs
  • Break Support zone
  • Broked trendline
  • Follow downtrend

Cons
  • Correction of 38/50 structural trenline long term


Strategy
  • Buy at pullback
  • 38/50 correction
  • Pullback to the previous broken trend line
Comment:
It can be a pullback to the uptrend. On 4h timeframe, it can appear a double bottom.

snapshot
Trade closed: stop reached
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