USDJPY Forecast and Trade Setup for 3th March, 2014
USDJPY Forecast and Trade Setup for 3th March, 2014
Daily Chart
- My marked area of Potential Reversal Zone (in blue) is a Fib ext of 200 from the first leg down from the highs
- Look left, and you will see its also a previous resistance
- Also a 61.8 Fib Retrace level
Hourly Chart
- On the 4 hourly chart, i can identify a equal measured move, which falls right at my blue zone (PRZ zone)
- Will take this trade as a longer term trade, stops will be wide
Outlook Trade opportunity
Please see Hourly ChartRisk Level Medium
Tips -
Always take note of any economical news event on our provided calender below
Subscribe to:
Post Comments (Atom)
0 comments:
Leave a Comment