Mikegg26
Long

Strength Reversion on the Daily chart

FX_IDC:EURJPY   Euro / Japanese Yen
27 0 0
At the 136.900 zone there used to be major resistance then we had a triangle, it broke out of the triangle and is now coming back to test the prior resistance and i think that will be new support also at that time the 50 sma will be hit on the daily chart and the RSI on smaller time frames such as the 4h will possibly make it to the over sold zone (below 30). i would wait for the RSI to get back into the neutral zone the go long on this pair and it could be for a few days to a few weeks.
Also check out my video on YouTube where i explain this in further detail. look up Strength Reversion | EUR/YEN Outlook or click on the link.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out