As mentioned in the previous post : http://daytradeforex.terraseeds.com/2010/03/18/forex-trading-ideas-eurjpy-at-resistance-from-prior-levels-and-advance-fibonacci-retracement
EURJPY moved down, about 100 plus pips from our posting.
In forex trading, it is necessary to adopt mindset of path of least resistance. Do not always assume a support or resistance to be broken. Playing breakout can be dangerous and professionals always like to fake breakouts!
Many Tflow® students saw the trigger in M15. Great.
EURJPY Fibonacci Retracement Support
Here’s the big picture on D1 – the Fibonacci retracement support values and confluence of support.
