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RaynLim

USDJPY - Fib Extension

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
RaynLim Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Double Top or Bottom Fibonacci Candlestick Analysis askforex100 USDJPY Fibonacci Extension buyzone Demand Zone candlestickpattern 3barpattern
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doubletoporbottom fibonacci candlestick askforex100 usdjpy fibonacciextension buyzone demandzone candlestickpattern 3barpattern
One of the ways to engage in a buying opportunity on USDJPY is by using the Fibonacci Extension, in this case, the setup is completing at 138.02 within the buy zone and not violating the double bottom pull-back.

A 3-bar reversal at the level is the minimum I'm waiting for.
Comment:
It's amazing how the market bounces off from FE 161.8 ya. It has further shown this is no magic but real analysis.
We believe that we should not slog our life away. Keep working to the minimum. How about 15mins a day?

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