AUDJPY bouncing up nicely, remain bullish for a further rise

FX:AUDJPY   澳元/日元
Buy above 87.81. Stop loss at 87.40. Take profit at 88.75.
Reason for the trading strategy (technically):
Price has bounced up nicely from our buying area and made a bullish exit of an intermediate descending resistance-turned-support line. We remain bullish looking to buy above major support at 87.81 ( Fibonacci retracement , horizontal overlap support, Fibonacci extension , bullish divergence ) for a push up to at least 88.75 resistance ( Fibonacci retracement , horizontal swing high resistance).
Stochastic (31,3,1) is seeing strong support above 2.5% where we expect a bounce from. We can also see bullish divergence vs price signalling that a bounce is impending.

You have made a lot of fake profiles to make yourself comments,lol !
@Mairita, Buddy, I run a brokerage, I don't have time for that nor do I have the technical expertise to do that.
Simple and Straight forward analysis.
MEX_Exchange chefprofits
@chefprofits, glad you like it :)
Please post more of these analysis, it is one of the best I have seen in tradingview and I follow it everyday. Sending love from Israel!
Hi MEX_Exchange, my name is Vuteha and I am from UK.... just want to give a shout out and say that your work is fantastic and many people here in my country always look out for it... plz keep posting...
thx thx from Denmark, we appreciate all e work u r doing. Please keep posting...
Do you have any indicators you recommend for traders?
MEX_Exchange dokejiradonove
@dokejiradonove, Well not indicators per se, but rather Fibonacci is good :)
please keep sharing, i like your ideas.
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