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theforexarmy
Feb 7, 2017 12:45 AM

EURJPY buy above support one last time Long

Euro Fx/Japanese YenFXCM

Description

Buy above 119.62. Stop loss at 118.63. Take profit at 121.08.
Reason for the trading strategy (technically):
We look to buy one more time above 119.65 support (major horizontal support, Fibonacci retracement, EURUSD positive correlation) for a push up to 121.08 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (21,5,3) is seeing strong support above the 6% level.
Comments
vincentjoseph
i bought at 119.94 tp 120.50 sl 1119.52
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