FX:AUDJPY   Australian Dollar / Japanese Yen
430 views
0
Using the resent leg up and resent high as a point of reference to draw the Fib retracement, shows price action holding the 50% fib, and also holding support.

The prior pin bar came close to the 61.8 fib level, I also think the pin bar is false break from the prior inside bar , which may have trapped some shorts.

The target is 82.911 which is a high from the end of september.

Stop is placed just below the pin bar low.

Please leave comments or opinions.

Thanks

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out