$USDJPY Full Pattern Retrace & confluence test
Although this pattern did NOT hit full target of $111.479 it looks to be in full retrace mode. In combination with multiple candle formations I'm looking for at least a retest/pause of noted confluence, and a push for $108.3. If we hit that area I will re-evaluate. My area of risk would be about $110.6-75 (tolerance dependent, close or breach).
Commentaire:
Low NFP really drove this through the target, then the floor. Closed & time to reevaluate to see if another trade opportunity presents itself.
