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theforexarmy
Feb 6, 2017 12:21 AM

USDJPY right on major support, continue to buy 做多

U.S. Dollar/Japanese YenFXCM

描述

Buy above 112.55. Stop loss at 112.00. Take profit at 114.00.
Reason for the trading strategy (technically):
We remain bullish above major support at 112.55 (Fibonacci projection, multiple horizontal swing low supports) and we expect to see price make a bounce above this level towards 114.00 resistance (Fibonacci retracement, recent swing high resistance, horizontal overlap resistance).
Stochastic (21,5,3) is bouncing nicely above our 8% support and displays bullish divergence vs price which is a good signal of the bounce we expect from here.
评论
TradZ
Great Analysis
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