FreeTradeAnalysis

EURJPY, DO NOT MISS THE BOTTOM!!!

FX:EURJPY   Euro / Japanese Yen
Plan A (LONG):

If it shows respect to the support zone and bounce back then;
Buy: 129.878 (little above 38.2% Fib level & previous support)
TP 1: 130.500 (at around 50% Fib level & previous resistance)
TP 2: 131.033 (a little below 61.8% Fib level & previous resistance)
TP 3: 132.165 (at around 78.6% Fib level & previous resistance)
SL: If it move towards a breakout (127.568)


Plan B (SHORT):
If it gives a breakout of strong support zone then;

Buy: 127.213 (after the breakout)
TP 1: 126.569 (previous support)
TP 2: 126.147 (previous support)
TP 3: 125.303 (previous support)
SL: 127.946 (lower point of support zone)


Bullish Indications:
Strong Support Zone
Bouncing Back from the support following
the pattern of previous peaks

Bearish Indications:
Breakout of Strong Support Zone.
Bearish trend from more than last 30 days


IF YOU LIKED THE IDEA, SHOW YOUR SUPPORT ;) AND IF YOU DONT THEN LETS DISCUSS ;)
WE NEED YOUR SUPPORT TO KEEP THIS GOING ;)
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