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TomJ125

EURJPY buy opportunity - Supply & Demand

Long
Euro / Japanese Yen (FX:EURJPY)  
TomJ125  
FX:EURJPY   Euro / Japanese Yen
Fibonacci Supply and Demand Support and Resistance
2
0
fibonacci supplyanddemand supportandresistance
EURJPY has formed an ascending channel. Within this, there is a demand zone that sits between the 0.5 - 0.618 Fib. Expecting price to reverse where the demand zone meets the trend. Will wait for suitable candlestick confirmation before entering. Potential for 120 pips. Minimum of 1:2.5 RR.

Completely new to trading! Let me know what you think.
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