Buy above 131.57. Stop loss at 131.09. Take profit at 132.63. Reason for the trading strategy (technically): Price is whipsawing around recently. We look to buy above strong support at 131.57 (Fibonacci retracement, bullish price action) for a bounce to at least 132.63 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (89,3,1) is seeing strong support above 1.4% and has good upside potential for our rise to occur.
Mex - Seems like EURJPY is tanking? Are your studies correct here? Also I dont see much volume in trading??
BrijeshKukreja
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Are you all still Long on this? What do you think MEX_Exchange? EURJPY is not moving up at all!
abuchachi
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IS SET FOR BUYING OPPORTUNITY AT 131.42
1. STRUCTURE
2. BUTTERFLY PATTERN
abuchachi
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i set to buy know at structure with butterfly pattern at that structure
tarique221
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I have just joined your group in telegram. How does it work?
Ltd
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Thank you for the detailed analysis. I believe this pair will rise nicely.
BrijeshKukreja
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THis pair is very much correlated with USD/jpy . I noticed that if usd/jpy goes up so goes EUR/jpy due to weakness in yen. I am currently stuck with EUR/jpy you last time asked me to buy. At present my costing is 132.19 with about $3300 in losses
ThabzitLorenzoMaquthu
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@BrijeshKukreja, its not going anywhere, been up and down since yesterday