DLavrov

Super Bullish Divergence

Long
FX:EURJPY   Euro / Japanese Yen
EURJPY has been falling for 7 months already. And one day it must reverse, may be we have such day now? Look at Super Bullish Divergence formed by MACD and RSI. As for ADX line, we can see that after each price lows the indicator could not form new highs. It also could be a signal that bears are not so strong now. For long trades entry level is 122.350. Stop must be placed below 120.80 and profit target should be 124.90.

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