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PipRunner
9 aug 2016 20:45

USD/JPY OVER BOUGHT - LET THE BULLS PLAY Lång

U.S. Dollar/Japanese YenFXCM

Beskrivning

Overbought USD/USD
been in a strong downtrend on the weekly and monthly and has come to a strong monthly support level (pink large box)
Looking at the 1 hour graph a retest of either the 50 or 61.8% fibs if not broken will result in a fulfilment of extension wave ABCD to -27% fibs
Will wait for price action to confirm anything
Kommentarer
LumTuck
hit 78.6% fibs, what is next if this is a good entry for potential reversal Long?
macfuad
Valid :)
Mer