TradingView
MEX_Exchange
22. Jan. 2018 02:21

AUDJPY profit target reached perfectly, prepare for a bounce Long

Australian Dollar/Japanese YenFXCM

Beschreibung

Buy above 88.37. Stop loss at 88.11. Take profit at 89.01.
Reason for the trading strategy (technically):
Price has dropped perfectly from our selling area and reached our profit target perfectly. We look to buy above major support at 88.37 (Fibonacci retracement, horizontal overlap support) for a bounce up to at least 89.01 resistance (Fibonacci extension, horizontal swing high resistance) once again.
Stochastic (34,5,3) is seeing support above 4.5% and 10% where we expect a corresponding bounce.
Kommentare
wonderbro
It might even go hour, 4h chart looks like an ascending triangle.
Mehr