theforexarmy
Long

USDJPY right on major support, continue to buy

FX:USDJPY   US-Dollar / Japanischer Yen
Buy above 112.55. Stop loss at 112.00. Take profit at 114.00.
Reason for the trading strategy (technically):
We remain bullish above major support at 112.55 ( Fibonacci projection , multiple horizontal swing low supports) and we expect to see price make a bounce above this level towards 114.00 resistance ( Fibonacci retracement , recent swing high resistance, horizontal overlap resistance).
Stochastic (21,5,3) is bouncing nicely above our 8% support and displays bullish divergence vs price which is a good signal of the bounce we expect from here.
Great Analysis
Antworten
Startseite Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Preise Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Charting Lösungen Hilfe holen Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Hilfe holen Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden