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samgeorgev

EUR/JPY LONG

Long
Euro / Japanese Yen (FX:EURJPY)  
samgeorgev  
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Chart Patterns EURJPY eurlong positive
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trendanalysis chartpattern eurjpy eurlong positive
Following positive consumer and industrial confidence reports , business climate and industrial sentiment gives us a strong fundamental positive outlook on EUR. On the technical line we have multiple confirmations
1-Daily and 1H MA match
2-RSI 6 below 20
3-Price rejecting 3rd touch trend line plus previous high test in/between MA`s
4-Price rejecting 0.5 Fib retracement from last significant low
5-Good risk-reward probability 2:1
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