EURJPY - Long Continuation & 0.618% Rejection!
EURJPY - Long Continuation & 0.618% Rejection! After monotiring price action on this pair, we can see that price has rejected the 0.618 & 0.5 key levels of the Fibonacci Retracement. I have now entered a long position with a great R:R of 1:7 and if the analysis is correct, it will result in +171 pips. I will monitor the trade closely and consider taking partial profits at the -0.27 region.
Trade active
Trade has been placed on market open. SL has been adjusted to 124.400.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.