USDJPY, Bounce off 0.618, completion of W pattern

Long term, monthly charts, we're seeing a bounce off of the 0.618 fib support level.
The weekly candle suggests strong support and a good probability for the last leg of the W pattern to be completed.

Watch the intermediate resistance levels till how far this can go for your TP.

Zlecenie aktywne:

Adjusted the entry a bit:

Transakcja zakończona: osiągnięto poziom stop:

you win some, you lose some

Zlecenie aktywne:

I thought for sure this would hit my stop, but it didnt.

Transakcja zakończona: osiągnięto poziom stop:

My stop was already reached, but I may try a buy again next week. Lets see how this weeks candle closes