Fibonacci breakout on EURJPY 3 December 2013

Just got some nice pips on EURJPY, 3 December 2013. As usual, I use my Fibonacci breakout to open my position. See how I draw my Fibonacci below

eurjpy-3-dec-2013

See how EURJPY made a nice uptrend on early morning. I draw my fibonacci from the latest support to the latest peak. I open SELL when price move down and break the level 100. My target is 161.8 which was nicely hit.

Ariel

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