SmartTradingFX
Panjang

EURJPY: A Low Risk High Reward Long Opportunity

FX:EURJPY   FX Euro/Yen Jepun
311 0 7
Analysis on chart!

Im looking at a potential long zone where we may be able to enter on a Low Risk High Reward basis...

Price looks to be on its way down to test dynamic support for the fourth time aswell as horizontal structure support ...

In this area we also have a 0.382 Fib Retracement, 0.5 Fib Retracement and a 1.27 Fib Extension. We may also go into oversold territory on the RSI ...

Il keep a close eye on price action in this zone if we are to get there and see if i get an entry signal...

As always likes, shares and or constructive feedback is welcome! The support has been outstanding recently and is very much appreciated! Keep up the good work!

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