On the EUR.JPY 1 hour chart we have a potential short opportunity at the D leg completion of a Cypher Pattern The price reversal zone on this pair is between 128.451 & 128.603 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Cypher Pattern placed at the .382% and .618%...
EJ is currently trending nicely. To jump on the trend. Wait for break and retest of support level and continuation to 120.00 then 130.00.
Possible Bearish cypher is forming with CD leg completion D @ 128.57 in FX:EURJPY . If all goes fine, CD leg completes at expected level, will take short position. Adjusted our entry levels to get better Risk:Reward.
On the EUR.JPY 15 min chart we have a potential short opportunity at the D leg completion of a Cypher Pattern The price reversal zone on this pair is between 128.526 & 128.703 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Cypher Pattern placed at the .382% and .618%...
Hello Traders! We would like to present EurJpy forecast. (3-rd variant) Sell limit - 129.000, S/L - 130.500, T/P - 126.900 Best regards, Powerful Traders.
Aside from the downwards trend-line, this pair has been playing off of a key demand zone that was recently broken in November, 2015. Aside from a bit of fundamental news, it was unsustained and so the outlook remains bearish. Currently, this trade is setup with a trailing stop loss despite given the previous recent low sat in mid-April at the 126~ price level.
Butterflys "C" Leg could touch the broken Trendline that was recently broken. Also, we can be completing "Black Gartley" with the process of finishing the butterfly. Take only as analyzation.
Hello! Definitely, there is the Global Downtrend! But to the end of this year, we have two variants. 1) Long - S/L131.000, T/P133.700-134.000 2) SHORT - Sell Limits near 134.500 - 135.000, S/L 137.140 (EWP rules), T/P 123.500 Please, if you want to enter the market, first of all, use the Market Profile, Volume, Cluster&Delta analysis, Depth of Market and...
EURJPY is getting rejected at the weekly/daily trend line resistance and is in a favorable position for a short with RR 1:1 as an initial target
Sell by market 133.240 S/L 135.243, T/P 123.500. Sell limit 135.243 S/L 137.446, T/P 123.500
EURJPY has recently broken structure to the downside. This is signaling that it's ready to start it's downtrend. I'm looking to sell this rally once price reaches my "entry zone". Entry - I will go down on a smaller time frame and look for some sort of reversal pattern or candlestick for my entry. No matter where you enter in the zone you will get at least a 1...
My position on EURJPY is Short to 134.13 in charts D1 with possible target a 128.00 end stop reverse to 135.00
Double wave correction up near the TL would give us a great sell setup. Look for bearish divergence to form on the H1 or H4 time frames. Target 1: 128.40 Target 2: 127.00 Stop Loss: Above the down trend line
Consolidation often breeds harmonic patterns & that's exactly what we're seeing here on the EURJPY hourly chart. Now we're still holding a partial position on yesterday's bullish bat pattern and if price action were to push up to our second targets that would give us the opportunity to put in an SAR and get involved in the bearish one that looks to be forming as...
The save haven flows in JPY should cause this to push down to the previous support of 13300. We do expect 12500 to be reached by 2016 but in the mean time I will be looking to take partial profit at 13300. The tweezer tops at the declining trendline are a clear indication that this currency pair should sell off further
A distinct Gartley pattern calls for end of correction for this pair. If 135.90 support is taken out, bears will target 135.40 and 134.38 levels. If going short, the X top should be considered as the stop loss level. Good luck, Cyclical Waves Group