What's up guys!
My short position is growing and I'm wondering that this downward trend will continue?
This is my answer,
YES, If pull back will end within this fibonacci levels.(up to 61.8%)
If not then I have 2 senarios at this moment.
1, Pull back ends in between 61.8% and previous high which is 135.590
It would be still weak USDJPY situation that It tries to touch the current support level (134.270) once again.
2, Pulls back higher than 135.870(1h high)
This means the current downward trending is ended.
Hope you do it well!!
See you later
My short position is growing and I'm wondering that this downward trend will continue?
This is my answer,
YES, If pull back will end within this fibonacci levels.(up to 61.8%)
If not then I have 2 senarios at this moment.
1, Pull back ends in between 61.8% and previous high which is 135.590
It would be still weak USDJPY situation that It tries to touch the current support level (134.270) once again.
2, Pulls back higher than 135.870(1h high)
This means the current downward trending is ended.
Hope you do it well!!
See you later