FX:USDJPY   美元/日元
I don't have a lot of time so I'll make myself clear. I believe we are going in a upward direction, and as we can see the market respected the resistance level . However I have strong beliefs that this is a dip, my resistance level has turned out to be around a major 61,8% fib level as well. So I do believe that this is a temporary setback and that this is THE dip, our beauitful morning star (in the yellow circle) is confirming that the bears are already losing momentum. Using the low of the doji as a stop loss, and resistance as a take profit level if it would go down again. Buying this dip however, beautiful price action confirmation. RISK REWARD: 35:60. On the daily chart we are already pushing up the price as well. This is a clear long to me, however only to the resistance level . IN ORDER TO SUM EVERYTHING UP: WE ARE BUYING THE DIP that has been a product of the resistance level and the 61,8 fib level, a temporary setback which gives us perfect oppurtunity to buy due to the price action confirmation.
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