captain_smollett
Long

EURJPY. Possible triangle completion

FX:EURJPY   Euro / Japanese Yen
On EURJPY             pair, price is currently stuck at the Daily 50 Moving Average (blue curve on the chart). There is a good possibility of bouncing up from here but I believe it will still complete a triangle and present a good option for buying with short SL.

If a 50 Daily MA is broken and price moves down, that for me is a good sign for a triangle completion and further rebound. If price breaks, moves down and retraces to Daily 50 MA before heading to 112 area, possibly a downtrend on EUR is confirmed and we should wait for a confirmation before buying.

However, I will surely try to play shorts first after the 50 Daily MA is broken and then will buy 2*0.25 lots at 112.50.
SL. 111.50
TP1: 115.30
TP2: 121
TP3: 123
Comment: Some uncertantity days but it is finally getting to the entry point
Comment: Arrived to the entry point. I´m pretty caucious with EUR now as it is in a clear downtrend. No divergences on major timeframes make me think this can go even lower. Waiting for a bullish impulse on 1H/4H TF to join longs. Otherwise, I will trade it in a completely opposite direction
Trade active: Bounced from the bottom. Lets see which direction it takes. For now, Just moved my long to breakeven
Comment: 115.50 is a crucial value now
Trade closed manually: Rejected by the triangle again. Trade closed
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out