USDJPY
@ .618 Retracement of Down AB Swing Counter Trend Line Break @ Daily Down Trenline
StochRSI over bought
Price Below 0.236 of last down AB Swing
STOP LOSS: 15 PIP ABOVE PREVIOUS HIGH; @112.157
TAKE PROFIT:
FIRST TARGET - Fib Level 1.27 of first AB Down Swing @ 105.408
SECOND TARGET - Fib Level 1.618 of first AB Down Swing @ 103.328
EXCELLENT RISK:REWARDS 5.25%
I will watch the trade over time and modify if necessary!!
Trade active:
Price Broke Above Down Trendline but still testing the Back Side of Counter Trendline. Market is Bullish.
