EURJPY right on major support, time to buy

FX:EURJPY   欧元/日元
Buy above 123.15. Stop loss at 122.49. Take profit at 124.15.
Reason for the trading strategy (technically):
Price has dropped strongly and is now testing support at 123.15 ( Fibonacci extension , Fibonacci retracement , horizontal swing low support, bullish divergence ) and we expect to see a strong bounce above this level to at least 124.15 resistance ( Fibonacci retracement , horizontal overlap resistance).
Stochastic (21,5,3) is seeing strong support above 4.7% and also sees bullish divergence signalling that a bounce is impending.
Correlation analysis: We’re expecting overall JPY weakness with bounces expected on AUDJPY             , USDJPY             and EURJPY             . Hence this falls very nicely into a correlated move.
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出