Re-entry chance on USDJPY
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
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Also, possible formation of Head & Shoulders
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Thanks for reading, any feedback is appreciated.
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.
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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.
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.