MEX_Exchange
Long

EURJPY approaching major support, prepare to buy

FX:EURJPY   Euro / Japanese Yen
Buy above 123.78. Stop loss at 123.15. Take profit at 125.32.
Reason for the trading strategy (technically):
Price is approaching major support at 123.78 ( Fibonacci retracement , Fibonacci extension , horizontal overlap support) and we expect to see a bounce above this level for a rise to at least 125.32 resistance ( Fibonacci extension , horizontal swing high resistance).
Stochastic (34,5,3) is seeing strong support above 4.7% where we expect a bounce from.
Best entry I have seen in a long time nice work.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out