TradingView
MEX_Exchange
7. Febr. 2018 01:12

EURJPY approaching major resistance, prepare to sell Short

Euro Fx/Japanese YenFXCM

Beschreibung

Sell below 136.15. Stop loss at 136.75. Take profit at 134.62.
Reason for the trading strategy (technically):
Price is approaching major resistance at 136.15 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and a strong reaction could occur at this level to drive price down to at least 134.62 support (Fibonacci retracement, Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is approaching major resistance at 95% where a corresponding reaction could occur.
Mehr