Get started
MEX_Exchange

EURJPY look to buy on major support

Long
Euro / Japanese Yen (FX:EURJPY)  
MEX_Exchange  
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns EURJPY EUR jpy eurjpylong eurjpyshort eurjpysignal eurjpytrade forexsignals forextradingzones
28
2
trendanalysis harmonicpatterns chartpattern eurjpy eur jpy eurjpylong eurjpyshort eurjpysignal eurjpytrade forexsignals forextradingzones
Buy above 131.19. Stop loss at 130.75. Take profit at 132.08.
Reason for the trading strategy (technically):
Due to the changing nature of the market, we’re starting to see a corrective push down to at least 131.19 support (Fibonacci extension, horizontal swing low support) where we expect a bounce up from to at least 132.08 resistance (Fibonacci retracement, horizontal swing high resistance).
Stochastic (55,5,3) is seeing strong support above 1.4%.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.