Buy above 113.00. Stop loss 112.20. Take profit 114.75.
Reason for the trading strategy :
Price bounced above our channel support as expected. We remain bullish above 113.00 for a further rise to 114.75.
We can see price crossing above the thin descending green line signalling a bullish recovery is approaching.
Stochastics (21,5,3) has made a bullish exit from its long descending resistance-turned-support line. It also displays bullish divergence vs price signalling a bullish move from here.
Reason for the trading strategy :
Price bounced above our channel support as expected. We remain bullish above 113.00 for a further rise to 114.75.
We can see price crossing above the thin descending green line signalling a bullish recovery is approaching.
Stochastics (21,5,3) has made a bullish exit from its long descending resistance-turned-support line. It also displays bullish divergence vs price signalling a bullish move from here.
Exness - EURJPY has bounced from support, remain bullish
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