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Fib.The.Gentleman
Jan 14, 2015 6:22 PM

Long Cause the Trend tells us to ;) Long EUR / JPY Long

Euro Fx/Japanese YenFXCM

Description

Hey buddys,

a simple Trend following strategy.
We are inside the Red Dotted Channel.

Price did make higher highs (HH) and Higher Lows ( HL )

Now we are reaching a broken Trendline again PLUS the Fibonacci Retracement of 0.764
RSI Is Oversold heavily!

Ill enter with a nice close of the Daily Candle aiming for 149.00 as TARGET 1 and for another Higher High.
Ill Trail Target 2.

Good Luck and remember to stay patient...
let Price come to you :)


Comments
SmartTradingFX
Great chart Sir! This is my take on it! Lower time frame analysis!

tradingview.com/v/ZbkHUZKv/

Any like, share or constructive criticism is welcome! Lets see how its plays out!
Cityfox
Thank you...nice chart.
Fib.The.Gentleman
ya welcome :)
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