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JPTradingGroup
Oct 16, 2016 1:34 PM

Bullish EURJPY Long

Euro Fx/Japanese YenFXCM

Description


Have a look at this chart guys, its using Fibonacci and the A,B,C,D.

"A" was the start of the impulsive uptrend move to "B" which is daily resistance level. It formed its "C" on the pull back as to 50% fibo and heading to the famous 0.618 a retrace here would send the pair to "D" which will finish the wave.

Triple bottom was formed at 0.50% fibbo, A retrace is on the cards. M30 chart should be used for optimal entry.

- James Patrick = telegram.me/stjamespatrick
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