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theforexarmy
6 Feb 2017 pukul 00.22

EURJPY remain bullish above strong support Panjang

Euro Fx/Japanese YenFXCM

Huraian

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.
Lebih