USDJPY: Simple Role Reversal Play - Fibonacci Retracement
Sharing my straightforward read on USDJPY for the immediate term. 🎯
**📍 The Setup:**
I'm expecting a role reversal move back toward the recent range highs. After that initial bounce, I'm looking for a stronger upward move targeting approximately the 0.618 Fibonacci retracement level of the larger range structure. 📊
**⏰ Timing Expectations:**
If this scenario plays out, it should happen within the next day or two. Currency moves often have tight timing windows, and this setup has that "ready to go" feel to it. ⚡
**🎯 Why This Makes Sense:**
Role reversals at key levels are bread-and-butter setups. Former resistance becomes support, and the market often tests these flipped levels before continuing the broader move. Simple market mechanics. 🔄
**🧠 Keep It Simple:**
Sometimes the best trades are the most obvious ones. No complex analysis needed here - just clean technical levels and patient execution. 📈
📈 **This trade setup offers a risk-to-reward ratio of 5:1.** Without including fees, the breakeven win rate for this trade would be approximately 16.67%. Knowing these figures in advance helps me avoid emotional trading. 🧠
💡 **Pro Tip**: If you often find yourself trading based on emotions, I recommend doing this type of pre-planning and quantifying your setups before execution — it can be a simple yet highly effective improvement. ✅
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**Trading is simple.** You don't need multiple indicators or dozens of lines on your chart. A clean and simple chart often works best — it keeps your decisions consistent and reduces uncertainty. Sure, it might not look flashy, and my analysis may seem a bit "plain" compared to others… but that's how I like it. If you find this analysis useful, feel free to follow me for more updates.
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*Disclaimer: This post is for general informational and educational purposes only. It does not constitute financial advice, investment recommendation, or a service targeting specific investors, and should not be considered illegal or restricted information in any jurisdiction.*
**📍 The Setup:**
I'm expecting a role reversal move back toward the recent range highs. After that initial bounce, I'm looking for a stronger upward move targeting approximately the 0.618 Fibonacci retracement level of the larger range structure. 📊
**⏰ Timing Expectations:**
If this scenario plays out, it should happen within the next day or two. Currency moves often have tight timing windows, and this setup has that "ready to go" feel to it. ⚡
**🎯 Why This Makes Sense:**
Role reversals at key levels are bread-and-butter setups. Former resistance becomes support, and the market often tests these flipped levels before continuing the broader move. Simple market mechanics. 🔄
**🧠 Keep It Simple:**
Sometimes the best trades are the most obvious ones. No complex analysis needed here - just clean technical levels and patient execution. 📈
📈 **This trade setup offers a risk-to-reward ratio of 5:1.** Without including fees, the breakeven win rate for this trade would be approximately 16.67%. Knowing these figures in advance helps me avoid emotional trading. 🧠
💡 **Pro Tip**: If you often find yourself trading based on emotions, I recommend doing this type of pre-planning and quantifying your setups before execution — it can be a simple yet highly effective improvement. ✅
---
**Trading is simple.** You don't need multiple indicators or dozens of lines on your chart. A clean and simple chart often works best — it keeps your decisions consistent and reduces uncertainty. Sure, it might not look flashy, and my analysis may seem a bit "plain" compared to others… but that's how I like it. If you find this analysis useful, feel free to follow me for more updates.
---
*Disclaimer: This post is for general informational and educational purposes only. It does not constitute financial advice, investment recommendation, or a service targeting specific investors, and should not be considered illegal or restricted information in any jurisdiction.*
Dagangan aktif
My limit order also got filled and my entry is complete🔥Dagangan ditutup secara manual
This is completely different from the movement I expected, so I'll withdraw with a small profit for now.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.