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MEX_Exchange
27 jun 2017 00:43

EURJPY profit target reached perfectly, time to sell for a short Kort

Euro Fx/Japanese YenFXCM

Beskrivning

Sell below 125.13. Stop loss at 125.36. Take profit at 124.63.
Reason for the trading strategy (technically):
Price has shot all the way up and reached our profit target perfectly. We prepare to sell below 125.13 resistance (Fibonacci extension, Elliott wave theory) for a short term setback to at least 124.63 (Fibonacci retracement, horizontal pullback support).
Stochastic (55,5,3) is seeing major resistance below 99% where we expect a reaction from.
Mer