DislikedI see a nice 2-day Pin on USD/JPY which is also pierced the 61.8 Fib level and was rejected in favor of the down move. The break below of 98.50 (if it happens) will also coincide with the break of the 50 Fib level so this might make for a nice move to the downside.
I really like this trade, the only negatives I see is that it's not at a complete swing high and the first resistance area is not too far around the 38.2 Fib and multiple bar lows. I will be watching this one...
Any opinions?
Rubin.Ignored
be careful wit dis one, its more of tmh( two matching high) which signals trend continuation.....best to watch it as it unfolds ....imo
cheers
no reasonable pa on the dailies/weeklies for me
Simplicity is the key to success