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theforexarmy
6 feb 2017 00:22

EURJPY remain bullish above strong support Lång

Euro Fx/Japanese YenFXCM

Beskrivning

Buy above 121.11. Stop loss at 120.48. Take profit at 122.00.
Reason for the trading strategy (technically):
We remain bullish above 121.11 support (Fibonacci projection, horizontal support, Fibonacci retracement) for a bounce up to at least 122.00 resistance (Fibonacci retracement, swing high resistance).
Stochastic (21,5,3) is approaching strong support at 4.9% where we expect a bounce from.
Mer