Buy EURJPY on Monday 02 September 2013

This is a free Forex signal from my self and I hope this will profitable and hit my profit target. EURJPY has broken my resistant area and now moving upward. The target will be the 161.8 level of the Fibonacci retracement. I called this strategy as Fibonacci breakout trading system. Here is the setup:

fibo breakout

The price has move up and break the 100 level of Fibonacci. I open Long and put the target on 161.8 level. This could be a semi long trading since I am sure that my take profit will not hit in the next few hours.

Lets wait and see.

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