Hi everyone, I just wanted some feedback for this possible Usd/Jpy long. If I end up taking this trade, I would want to see a daily green candle close in the area of resistance that I pointed out (or all 3 moving avgs starting to point upwards). This would be my confirmation!
However, if a daily red candle ends up closing within the 50% - 61.8% retracement area, then all bets are off (since the area of support would now turn into resistance)!
However, if a daily red candle ends up closing within the 50% - 61.8% retracement area, then all bets are off (since the area of support would now turn into resistance)!