TradingView
Bonavest
9. Aug. 2016 12:45

I Believe I Can Fl... er the Reversal is Here Long

U.S. Dollar/Japanese YenFXCM

Beschreibung

There had been a large drop previously charted and though I am a little early compared to my Fib timing chart... I am now convinced the reversal is here and will be taking a long position sometime at the close of the daily candle or during the following day's candle. It shouldn't pass through the Pivot line level and will probably use that as a jump off point.

Kommentar

...and maybe 'Reversal' is a strong word. There is probably gonna be some profit to take on the LONG, but if you zoom out to the Weekly chart you will see that the 0.618 Fib Retracement is sitting at around 0.9575 which could be the final destination for this down trend.

Kommentar

So good think I wanted to wait for another daily candle. Weakness in the USD caused the price to drop. Still looking to see how low we go and if there is a possible LONG still out there.

Trade ist aktiv

LONG Entry @ 102.15
TP1 50% 104.05
TP2 50% 104.88
SL 101.90

Trade geschlossen: Stop wurde erreicht

Kommentare
Brycedesantis
camarilla pivots? how have they been doing for you
Bonavest
I use Fibonacci Pivots... they work really well. The candles danced right on the R1 and S1 in the chart above.
TradZ
So you are a Daily Chart trader?
Bonavest
I trade what I see, but I like the longer term trades where I can find a top or bottom and 'Fire and Forget'.
Mehr