Forex trading pair: usd jpy h4
Trades like this are almost perfect. we should never miss them.
Nice Pin bar with good opening and close. Nose protruding off surrounding prices.
Pin bar bounces off the 150ema,
Fibonacci level , 61.8 and the 50%
Price pivot area
Entered on the break of the pin as shown in the sell line (green dotted)
Target profit – fibonacci 161.8%.
Will it reach there? we just have to watch the price action bars to see.
Meanwhile, i will be trailing after it.
We are now in a Free trade as usual.