Roku bounced really well at the strong support zone and also changed the trend to bullish "U" on the daily and 4HR chart.Previous Resistance that turned into support $351 is crucial indicator of reversal. Making daily higher highs and higher lows gave it a confidence bounce upside. If it can hold at EMA 20 with volume, it can easily hit back to $360. Bullish...
Roku has touched the crucial $340 support zone and seeing a trend change to upside with an inverse hammer followed by a green candle. Selling pressure is slowing down as well. In technical short term, potential upside from $340 to $370/380. Also Roku has just rebounded above swap at $345.58. With a good momentum, could see a nice push upside rebound with RSI...
EURJPY HAS A GOOD RISK REWARD RATIO. ENTRY WOULD BE AT LOWER TIME FRAME (MINE WOULD BE AT 15 MIN 0.5 FIBB RETRACE OR AROUND 125.60) TP1 AND TP2 WOULD BE THE IDEAL TAKE PROFIT POINTS WHILE TP3 IS HIGHLY UNLIKELY BUT POSSIBLE
Price rejected at the downtrend line and 61.8 level fibo and inverse hammer confirmation candle. Sell now. Target: Strong support I hope this occasion breaks Keep it simple. Good trade!!!