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VladimirRibakov

EURJPY Buy Idea

Short
Euro / Japanese Yen (FX:EURJPY)  
VladimirRibakov  
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis EURJPY buy Bullish Patterns Parallel Channel criticalzone Bullish Divergence
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trendanalysis chartpattern waveanalysis eurjpy buy bullish parallelchannel criticalzone bullishdivergence
D1 - Price has reached the bottom of the channel.

H4 - Price has reached the critical zone that has formed based on the fibo levels of the cycles and the bottom of the daily channel and is currently moving higher. Bullish divergence.

Until the critical zone holds, we may look for short term buys with more bullish evidences.

Invalidation: If the price breaks below this critical zone then this buy setup will be invalidated.
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