EURJPY abc correction. Buy at Support Zone



EURJPY abc correction. Buy at Support Zone



EURJPY wave shows that the market are in abc correction.


It is great to go long for this euro yen. Find the entry and the reversal signal in the buy zone.

The wave in the bigger circle shows that the price are in abc correction. The inner wave of C wave impulsive shows that the 5 wave is begin to complete. wave 3 was formed after the news of usd FOMC Member George Speaks. The fifth wave of the C wave correction is yet to complete.

Finding the opportunity to go long on the support area will be a good idea on the trade.


The stochastic oscillator shows that the market condition are in oversold condition. Besides that, the indicator also shows that, there are divergence showing that the price are going up.

Find the opportunity to buy on the support area 114.60 to 114.40. Find the rejection on the buy zone and also the reversal signal the indicate the price are going up.

Set the risk to reward 1:2 ratio will be a good idea on the trade.

Trade at your own risk.

Happy Trading!!







Disclaimer
this forex trading idea was published for the purpose of study only. all the risk taking are at your own responsibility.

pipsumo Traderfx

A forex trader who enjoy doing forex naked chart and make profit with forex expert advisor.Also enjoy to socialize with other forex trader in the world.