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MEX_Exchange

EURJPY profit target reached perfectly, prepare to sell

Short
Euro / Japanese Yen (FX:EURJPY)  
MEX_Exchange  
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns EURJPY eurjpyshort eurjpylong eurjpysignal eurjpytrade eurjpyprediction eurjpyforecast Forex forexsignals
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3
trendanalysis harmonicpatterns chartpattern eurjpy eurjpyshort eurjpylong eurjpysignal eurjpytrade eurjpyprediction eurjpyforecast forex forexsignals
Sell below 132.27. Stop loss at 132.67. Take profit at 131.19.
Reason for the trading strategy (technically):
Price is approaching major resistance at 132.27 (Fibonacci retracement, horizontal swing high resistance) and we expect to see a strong reaction off this level for price to resume its drop towards 131.19 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,3,1) is seeing major resistance at 97% where we expect a corresponding reaction from.
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