EURJPY - Buy

By Socratesinc
Updated
Oct 7th 2pm EST we saw price still trading above EMA lines even after massive selling pressure. Set up FIB and saw a potential good entry for another buy at 124.350 which is touched perfectly. We entered in one position for a buy @124.448
Trade active
Oct 9th @9:30 am EST we are in profit 52 pips from the above entry. placed another entry hours later as we saw a slight retracement. expect more buying long term.
Trade closed manually
Closed with a loss, price completely reversed due to the weakness of the EUR today and the strength of the JPY.
Chart PatternsfibsdontlieTechnical IndicatorsjackpotstrategysocratesincTrend Analysis

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