VladimirRibakov

EURJPY Buy Idea Based On Multi-timeframe Analysis

Pembelian
FX:EURJPY   Euro / Yen Jepang
D1 - Bullish rally followed by a correction in the form of two waves to the downside.

Price reached the key support zone formed by the 38.2% - 50% fibonacci retracement zone, respected it and bounced higher.

Bullish divergence, most recent downtrend line breakout.

H1 - Bullish trend pattern.

Until the strong support zone holds I expect the price to continue higher further.
Komentar:
The price action followed my analysis here and the bullish move that I was looking for happened as expected, delivering an excellent move to the upside!

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