joni.rcunha
Long

EURJPY: Possible 2618 Strategy

FX:EURJPY   Euro Fx/Japanese Yen
43 0 1
We have a double bottom at the 133.500 area. After breaking the neckline the bullish movement apparently stopped at 135.277 (Resistance zone - look left). Now, we expect a fibo retrace of 61.8 from A-B at the 134.179. With the 2618 strategy (2 bottoms, 61.8 fibo retrace), we expect to see a rally at least to the B point.
Target at 135.271
Stop at 133.457
Risk/Reward Ratio: 1.56
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