This dual-directional move on the #usdjpy was projected during my livestream yesterday;
- retrace and rejection of the 38.2% #fibonacci #retracement level,
- #continuation of the #downtrend to the #support level of 147.30
- resulting in 112 pips profit.
Analyzing trade setups does not have to be complicated.
1) #fundamental bias
2) #trend is your friend
3) #identify key levels
JdFX
