USDJPY 15, 2.5R

2019-11-19 23:21:49

The large drop found a bottom at previous resistance. I waited for the bottom doji candle to close and see if the new candle would open above. This was my confirmation. RSI is oversold and coming up. I'm looking for a typical 50% fib retracement before a move back down. It is still in a strong downtrend so this is a counter-trend trade. Trade is already active.