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KISSTRADING

786 RETRACEMENT TREND FOLLOWING TRADE

Short
Dollar Américain / Yen japonais (FX:USDJPY)  
KISSTRADING Mis à jour   
FX:USDJPY   Dollar Américain / Yen japonais
Fibonacci fib fibextensions priceaction trendcontinuation
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fibonacci fib fibextensions priceaction trendcontinuation
We got a .786 retracement following break of structure to the downside. Price didn't break our previous highs so trade still valid. Looking at targets back down at structure offering us up a risk reward of close to 1:2. Probability suggests it just about wont come but the Risk reward is such that these trades are worth taking.
Commentaire:
Clearly a few more factors must be considered before taking this trade but the bare bones of the justification for entry can be seen. Thanks.
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