Hi Traders,
This is a long setup for USDJPY. A simple impulse, retracement to 0.50 fib and a continuation to the 0.27 fib level.
But is this move to obvious? I feel that setups may fail just because its "blatant" to all retail traders. Does anyone else have this feeling? Comment below.
As always do your own trade analysis and risk only money you can afford to lose.
This is a long setup for USDJPY. A simple impulse, retracement to 0.50 fib and a continuation to the 0.27 fib level.
But is this move to obvious? I feel that setups may fail just because its "blatant" to all retail traders. Does anyone else have this feeling? Comment below.
As always do your own trade analysis and risk only money you can afford to lose.