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Forex Trading Ideas: USD/JPY Rallies Up This Week After A Bullish Double Bottom Divergence Trade Setup!

By

Jason Sweezey

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November 29, 2019

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793

“Plan The Trade, Trade The Plan!”

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The USD/JPY had a bullish ‘Double Bottom Divergence Trade Setup’ this week on the Forex Market. Giving Forex traders between forty and eighty pips depending what your buy price was. However, using the ‘Fibonacci Measuring Tool’ we saw price bounce of the 78.6% Fibonacci level. Then it bounced off the 50.00% Fibonacci retracement level. Also later in the week we also saw price hit the 100% Fibonacci price level with ease. We have strong major support at 1.0830 and resistance at 1.0970.

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Nice Double Bottom divergence trade setup…

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Forex Trading Ideas: USD/JPY Rallies Up This Week After A Bullish Double Bottom Divergence Trade Setup!

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