A number of followers here on TradingView have asked me to run through my analysis on EUR.JPY in a little more detail. As the position has now closed i thought i would break down my analysis here on the Daily TF.
Although there is more information on the 1hr and 4hr TF i hope it has been beneficial.
Have a great week.
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RSI has now become flat on the Daily chart, this could indicate we will see bullish divergence in the coming days / week. If we see bullish divergence form we will be looking long on the 4hr and 1hr TF
This was excellent, thanks for creating and sharing. I personally do not use EMAs with my patterns but it seems like it can help to have as an extra confluence. I will be looking into it further. Good luck on your trades!
UnknownUnicorn180388
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@SharkbaitAl, Thank you :-)
Keep adding things to your analysis, if it works keep it if it doesn't scrap it, it's all about confluence.
SharkbaitAl
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@tomhall, That is my plan. I am self-taught and am constantly searching and finding tips and strategies to add to my analyses thanks to many of the generous members on TradingView (including yourself!). I hope to be able to return the favor someday :)
UnknownUnicorn180388
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@SharkbaitAl, Great to hear you are progressing and not just talking about it.
I hope everything goes well.
Was having pretty much the same analysis on this pair, short from the 120.25 area, until now indeed. But I hope after some profit takings and retracement, we might see a push down into 116. We'll see what price action brings us.
UnknownUnicorn180388
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@RobinOphion, I am expecting a pullback in the coming days, potentially a short opportunity into early next week.