"EUR/JPY WEEKLY A,B,C,D Formation to 153.00" by trader EverythingFX — published December 17, 2014

TradingView

Go PRO

Long

Euro / Japanese Yen (FX:EURJPY)

FX:EURJPY Euro / Japanese Yen

eur_jpy astrofx

Have been monitoring EUR/JPY on all timeframes for a substantial amount of time

Higher high + higher low P.A formation carried out in the weekly uptrend..
Fib A,B,C formation in play with D extension (153.00) yet to be achieved.

Scale to the H4+ H1 Tf in order to execute a long trade upon a Counter trend line break in line with the overall long bias.

Related Ideas

about EURJPY 2

EUR/JPY is simply going up just like the other pairs against JPY due to devaluation of the Yen. The central banks keep it low for export reasons and other fundamentals.
so i have to agree with AstroForex in this.

Bananenboom20

We dont have to agree with each other, it is not a problem. Maybe i could not properly explain my view.
I dont mean Yen's VALUE, it is a different subject and it changes by the point of view.
I want to emphasize the way eur/jpy' PRICE is calculated.
Thanks.

thats not entirely true.

you know very well, eur/jpy's situation is determined by eur/usd and usd/jpy
eur/jpy = eur/usd * usd/jpy
what is your thought on usd/jpy? Does it support your idea?

Community & Tools

House Rules Moderators People Chat Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar AppStore

For Business

Website & Broker Solutions Widgets Charting Library Trading Terminal Brokerage Integration Advertising Referral Program Content Streams & RSS

Support

Status Page Blog Feature Request Help & Wiki FAQ Contacts

About

How It Works Features Compare Plans Press Terms of Use Risk Warning Privacy Policy Cookies Policy

Made with

From the creators of MultiCharts

Select market data provided by ICE Data services