jannatul96

Re-entry chance on USDJPY

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
Re-entry between 0.5 and 0.618 Fib:

0.5 Fib =110.15
0.618 Fib = 110.10

Targets:

TP1: 110.56 - 110.64
R:R = 1.7
Above 1:1 & extension below major resistance

TP2: 110.77 - 110.86
R:R = 2.41
Below Swing high Resistance and 1.618 Fib

Stop Loss

SL: 109.86
Below swing low, signalling wave failure

---

Also, possible formation of Head & Shoulders
---

Thanks for reading, any feedback is appreciated.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.