Once again I want to apologise, for the previous post.
Honestly it's been a f**ked up week, reason for that a lot of fundamentals news especially from GBP ( Brexit which affected EUR also)
EurJpy was for sell, but brexit news sent EUR higher than it should,
We had dollar news (very very good) but the market didn't respond, very confusing.
My fav quote about forex: "It's not about how much you win, it's about how much you lose" - just lessons learned!
My prediciton for EURJPY this week: We ended up Daily as Doji and a previous Shooting star ( potential Evening Star Formation)
A clear break of 126.000 (1h or 4h) and we go down, a good entry which I also I'm waiting is when this pair make a new lower high
1H. I'm very sure that we will have a gap downside because of good news of jpy sunday, so when that gap comes the pair
usually tends to fulfill that gap, so that is where the entry should be. If we manage to break 126.570 we go up until the previous High.
If we look daily we have a potential right shoulder formation.
Watchout zones: 125.530, 124.830
If we manage to go down, the first target will be 124.000 ( if we manage to break that the next target will be 122.000 Weekly Supp)
but let's see what happens because of the deal USA CHINA yen will get weaker ( there words that the deal was delayed until April)
so until then EUR down we go.
Also watch for Eur news (tuesday : German ZEW Economic Sentiment) which could give EUR some hype.
Maybe a potential new lower high, if you see Eur news for the coming week there aren't much news,
But watch carefully EUR news friday (huge news for the pair).
If we manage to come until 124.000 or nearly that level until friday ( please be careful, because a potential reversal may occour) - strong support for this pair.
Trade safe guys.
Daily Pontential Right Shoulder. A lot of rejection from that yellow zone.
Watch list - also GBP pairs (really good news for sterling)
Honestly it's been a f**ked up week, reason for that a lot of fundamentals news especially from GBP ( Brexit which affected EUR also)
EurJpy was for sell, but brexit news sent EUR higher than it should,
We had dollar news (very very good) but the market didn't respond, very confusing.
My fav quote about forex: "It's not about how much you win, it's about how much you lose" - just lessons learned!
My prediciton for EURJPY this week: We ended up Daily as Doji and a previous Shooting star ( potential Evening Star Formation)
A clear break of 126.000 (1h or 4h) and we go down, a good entry which I also I'm waiting is when this pair make a new lower high
1H. I'm very sure that we will have a gap downside because of good news of jpy sunday, so when that gap comes the pair
usually tends to fulfill that gap, so that is where the entry should be. If we manage to break 126.570 we go up until the previous High.
If we look daily we have a potential right shoulder formation.
Watchout zones: 125.530, 124.830
If we manage to go down, the first target will be 124.000 ( if we manage to break that the next target will be 122.000 Weekly Supp)
but let's see what happens because of the deal USA CHINA yen will get weaker ( there words that the deal was delayed until April)
so until then EUR down we go.
Also watch for Eur news (tuesday : German ZEW Economic Sentiment) which could give EUR some hype.
Maybe a potential new lower high, if you see Eur news for the coming week there aren't much news,
But watch carefully EUR news friday (huge news for the pair).
If we manage to come until 124.000 or nearly that level until friday ( please be careful, because a potential reversal may occour) - strong support for this pair.
Trade safe guys.
Daily Pontential Right Shoulder. A lot of rejection from that yellow zone.
Watch list - also GBP pairs (really good news for sterling)
Comment:
Guys we probably are closing as a shooting star today, be careful 4H we have a inside bar, a close below 126.00 i'ts a clear bearish momentum, a clear break above 126.550 we have a bullish momentum, Trade safe guys!
Order cancelled
Trade closed: target reached