colin6304

colin6304

Usdjpy broke a crucial trendline going up and retested the golden area on the fib and I have tps at the last demand zone

colin6304 Updated 

This idea is coming from a fib set up i had last week in the market and once price breaks the zero which is current support it will continue to fall to the 2 extension which are my take profits.

colin6304

Once price breaks the current resistance it will continue to move downward towards the major support I have marked up. I also have the green line to show the reflecting sides of the trend line. what price does on one side of the trendline, it mimics on the other side, like a reflection

colin6304

Heading to strong support, it has broken a major trend line in a reversal and is not in its reflecting stage to continue to mirror the left side of the trend line