MEX_Exchange
Long

AUDJPY profit target reached perfectly, prepare to buy

FX:AUDJPY   Australian Dollar / Japanese Yen
Buy above 88.39. Stop loss at 88.17. Take profit at 89.10.
Reason for the trading strategy (technically):
Price has dropped perfectly and reached our profit target. We now prepare to buy above major support at 88.39 (Multiple Fibonacci retracement , horizontal overlap support) for a push up to at least 89.10 resistance (Multiple Fibonacci retracement , recent swing high resistance).
Stochastic (21,3,1) is seeing support above 1.2% where we expect a corresponding bounce from.

Comments

Thanks for the analysis good sir!
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I hope to be as good as you one day...
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Interesting... very interesting... please update the idea too so we can keep track of it MEX_Exchange
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Interesting... very interesting... please update the idea too so we can keep track of it MEX_Exchange
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Thanks and more ideas please pelase please
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