Welcome back! Let me know your thoughts in the comments!
** EURJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Welcome back! Let me know your thoughts in the comments!
** EURJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EURJPY Broke its range to the upside at todays London Open. If we find support at 120.500 we might see an upside move to next resistance.
Trading CFDs on margin carries high risk.
Please ensure you fully understand the risks.
A herd of bulls will have to come to overtake white, yellow and dotted blue. I expect a lot of fresh T-bones in 125.00 area. Let's see how it will turn out and set up a trade then.
Daily perspective:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Love the candle rejection here from the triangle structure that broke out and came back for a re-test. An immediate short with the stop loss above most recent swing high is my trade. Lets see...
EUR/JPY - TWIN REJECTION FROM THE 124.00 RESISTANCE LEVEL (MONTHLY)
38.2% FIB RETRACEMENT - WITH A TOP DOWN BEARISH BIAS.
RISK REWARD MAKES SENSE. FURTHER DOWNSIDE EXPECTED: 122.80 TARGET.
120.00 FURTHER FORWARD POTENTIAL.
#EURJPY Bat Pattern Long #Forex #Trade Idea
It is a little late but I will look for a retest of the zone in red to have better R/R ratio. That is where the real demand is.
1. Bat Pattern
2. RSI Oversold
3. Targets: Usual 38.2 and 61.8 Fib levels
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