EURJPY profit target reached perfectly, remain bullish
Buy above 132.28. Stop loss at 131.79. Take profit at 133.12.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target perfectly. We remain bullish looking to buy above major support at 132.28 (Fibonacci retracement, horizontal pullback support, cup and handle support) for a push up to 133.12 resistance (Fibonacci extension, cup and handle potential, Fibonacci retracement).
Stochastic (89,3,1) is starting to bounce up nicely from our 2.7% support with good upside potential.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target perfectly. We remain bullish looking to buy above major support at 132.28 (Fibonacci retracement, horizontal pullback support, cup and handle support) for a push up to 133.12 resistance (Fibonacci extension, cup and handle potential, Fibonacci retracement).
Stochastic (89,3,1) is starting to bounce up nicely from our 2.7% support with good upside potential.
Trade closed: target reached:
Honestly, are we kicking ass or what guys?