empty
 
 
12.09.2017 04:05 AM
EUR/JPY profit target reached once again, prepare to sell

Price has bounced up perfectly and reached our profit target. We prepare to sell once again on major resistance at 130.64 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance) for a strong push down to at least 129.37 support (Fibonacci extension, horizontal swing low support, fill price gap).

Stochastic (34,3,1) is seeing major resistance below 96% and we expect a corresponding reaction off this level similar to the one we're expecting on price.

Sell below 130.64. Stop loss at 131.15. Take profit at 129.37.

This image is no longer relevant

Dean Leo,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
Analytic
Dean Leo
Start trade
Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $10000 more!
    In January we raffle $10000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback