long setup for usd jpy (strong res is above be careful
After a considerable downside ,FB may now show some bullishness above the mentioned levels on positional basis ,if triggers between 2-3 days .
Stock is at crucial support ,hard to break as tried multiple times but if breakouts out below 1800 then can give a some nice points on intraday as well positional basis,with previous days HIGH AS SL .. ......................SL is little wide so that should be kept in minded before executing trade......
The orange up-sloping Fork is showing, that price is at the WL1, which gives natural support at this stretchy point. Another indication is, that price is now once more at the U-MLH of the white Fork that acts also as a support level, which we saw with the earlier touches. The magenta lines are plain Action/Reaction lines, derived from Newtons Law of...