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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.

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You have made a lot of fake profiles to make yourself comments,lol !
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@Mairita, Buddy, I run a brokerage, I don't have time for that nor do I have the technical expertise to do that.
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Simple and Straight forward analysis.
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MEX_Exchange PRO chefprofits
@chefprofits, glad you like it :)
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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!
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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...
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thx thx from Denmark, we appreciate all e work u r doing. Please keep posting...
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Do you have any indicators you recommend for traders?
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MEX_Exchange PRO dokejiradonove
@dokejiradonove, Well not indicators per se, but rather Fibonacci is good :)
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please keep sharing, i like your ideas.
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