USDJPY: Potential Short Zone In These Crazy Markets?
Analysis on chart!
After crazy moves on numerous pairs my portfolio wasn't offering much and rightly so when the markets are this volatile!
This is the only pair that may offer a potential position for me at the moment so thought i would share it!
Previous support has been broken and we are now pushing back into this area... Will it now turn resistance?
We have 0.5 Fib Retracement, 2x 1.272 Fib Extensions, 1.414 Fib Inversion and Harmonic Legs drawn on the 1H TF...
If price prints a good entry signal we may be able to get a good Risk Reward profile on this trade looking for targets to retest previous lows...
As always your support means a lot so continue to hit that like button, comment and give constructive feedback!
SMART TRADING
After crazy moves on numerous pairs my portfolio wasn't offering much and rightly so when the markets are this volatile!
This is the only pair that may offer a potential position for me at the moment so thought i would share it!
Previous support has been broken and we are now pushing back into this area... Will it now turn resistance?
We have 0.5 Fib Retracement, 2x 1.272 Fib Extensions, 1.414 Fib Inversion and Harmonic Legs drawn on the 1H TF...
If price prints a good entry signal we may be able to get a good Risk Reward profile on this trade looking for targets to retest previous lows...
As always your support means a lot so continue to hit that like button, comment and give constructive feedback!
SMART TRADING
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