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MEX_Exchange
Oct 24, 2017 2:28 AM

EURJPY profit target reached perfectly, prepare to buy Long

Euro Fx/Japanese YenFXCM

Description

Buy above 113.12. Stop loss at 132.78. Take profit at 134.13.
Reason for the trading strategy (technically):
Price has dropped nicely to our profit target. We prepare to buy above major support at 133.12 (Multiple Fibonacci retracement, horizontal swing low support) for a push up to at least 134.13 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (34,3,1) is seeing strong support above 1.6% where we expect a corresponding bounce from.

Comment

Whoo! We be bagging some serious pips here guys!
Comments
Profound_Ambition
double top now at resistance time to short? :)
Egidijus0
You are best!!!
SaeffSuhaili
Perfect!!!
SaeffSuhaili
Big thanks
twitterfx8
what next for EURJPY you think ! there is a big RSI divergence at 1 hour timeframe.
twitterfx8
@MEX_Exchange , great analysis by the way
asvss
Thanks once again for the great analysis!
loxunibu4030
Really useful analysis on EURJPY, thanks!
pstskoh
Lovely analysis... thanks!
xafotuvni
than you sir. you are really good. hope to learn from you ....
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