Open trading account 
hello traders and community members
eurjpy according to weekly time frame :
close was under simple moving average ( 200 )
then price closed above moving average ( 200 )
it mean that investors try to push it into up ,
and they have major reasons for long entry and
major levels .
eurjpy according to daily time frame :
eurjpy ( daily time frame ) has been test 14/4/2015 support level @ 126.116 , and now we have got a strong support line , we will use support level as stop-loss .
what should i do ?
in fact trading through daily may it good for investors .. not good time frame for speculators ( i mean for signals ) , but speculators should be make a review for daily time frame to view investors and long-term traders trend .
eurjpy current rate = 128.248 , far around 200 pips from our strong support ,so that i advice to enter through hourly time frame either entry when price retrace to fibo level or enter trade by breaking 128.40 level ( resistance )
but my advice is entry at fibo retracement (38.2 @ 127.55or 50 @127.283 or 61.8 @ 127.016 )
entry using fibo is make our order near from our strong support level and trying to reduce stop-loss area ( area from entry to strong support level ) .
now we have got entry , stop-loss but doesn't have an exit !
daily fibo 38.2 % @ 129.35 is a minimum target for our position .
thank u and good luck.
eurjpy according to weekly time frame :
close was under simple moving average ( 200 )
then price closed above moving average ( 200 )
it mean that investors try to push it into up ,
and they have major reasons for long entry and
major levels .
eurjpy according to daily time frame :
eurjpy ( daily time frame ) has been test 14/4/2015 support level @ 126.116 , and now we have got a strong support line , we will use support level as stop-loss .
what should i do ?
in fact trading through daily may it good for investors .. not good time frame for speculators ( i mean for signals ) , but speculators should be make a review for daily time frame to view investors and long-term traders trend .
eurjpy current rate = 128.248 , far around 200 pips from our strong support ,so that i advice to enter through hourly time frame either entry when price retrace to fibo level or enter trade by breaking 128.40 level ( resistance )
but my advice is entry at fibo retracement (38.2 @ 127.55or 50 @127.283 or 61.8 @ 127.016 )
entry using fibo is make our order near from our strong support level and trying to reduce stop-loss area ( area from entry to strong support level ) .
now we have got entry , stop-loss but doesn't have an exit !
daily fibo 38.2 % @ 129.35 is a minimum target for our position .
thank u and good luck.
