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UnknownUnicorn8714085

EURJPY - Long Continuation & 0.618% Rejection!

Long
Euro / Japanese Yen (FOREXCOM:EURJPY)  
UnknownUnicorn8714085 Updated   
FOREXCOM:EURJPY   Euro / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators EURJPY eurjpylong swingtrading Fibonacci Retracement continuation
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trendanalysis chartpattern indicator eurjpy eurjpylong swingtrading fibonacciretracement continuation
EURJPY - Long Continuation & 0.618% Rejection! After monotiring price action on this pair, we can see that price has rejected the 0.618 & 0.5 key levels of the Fibonacci Retracement. I have now entered a long position with a great R:R of 1:7 and if the analysis is correct, it will result in +171 pips. I will monitor the trade closely and consider taking partial profits at the -0.27 region.
Trade active:
Trade has been placed on market open. SL has been adjusted to 124.400.
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