FX:EURJPY CONFLUENCES: - Elliot Wave 5th leg - Rejection of 61.8% Fib level - Breakout from longer-term downtrend - Bullish market structure confirmed by EMA crossover - Rejection of 50 EMA - Grey area providing minor support
EUR/JPY upside targets, bounce off weekly support.
FX:EURJPY CONFLUENCES: - Rejection from 71% Fib level - Daily candle wick rejections - Rejection from area of resistance - Breakout and retest of a pennant (weekly timeframe)
We can see that price is retesting zone after we spotted a harmonic pattern. Pullbacks have been completed and price is not able to climb above resistance. Expecting sells on this pair.
T rade at your own risk also this is not financiacl advice and not a signal I just analised the market in my way and found a stron resistance at 61.8 level so next week there should be a bullish move
Break of structure, fib retest into liquidity zone.
A short position was taking around price 126.03 as price as reacted to bottom of the channel retraced and created a lower high. Will be looking to scale out profits around price 125.20.
Entry 126.300-126.100 Sl 126.650 TP1 124.450 TP2 123.500 Confirmations: -LL created -Fibs Retracement golden zone -LH on Golden Zone
CONFLUENCES: - Bearish market structure confirmed by EMA crossover - Rejection of 51 EMA - Breakout & retest of previous area of consolidation - Fib Levels line up nicely with areas of support & resistance - Entered the trade prematurely but my healthy stop-loss has kept me in the trade with a 1:3 R:R
many wicks to the downside, overall bullish trend i expect this to come to around the 127.30 lvl with a 20 pip stoploss.. waiting for confirmation first.
CONFLUENCES: - Breakout from previous area of consolidation - Rejection from 51 EMA in 4Hr - Rejection from 61.8% Fib - Entered the trade prematurely but see a potential Head & Shoulders Pattern forming
So I am mainly looking for buys looking for a quick scalp of 15-30 pips! Making sure I perfectly enter with my buy stop.
SELL EXECUTION of EURJPY in SELL AREA 1 / SELL AREA 2, Looking to close position in TARGET AREAS (+30 PIPS) - TARGET AREA 1 - 30 PIPS - TARGET AREA 2 - 50 PIPS - TARGET AREA 3 (LONGTERM) - 140 PIPS (Price Area 125) Trade at your risk!!!
Countertrend short on EURJPY back to prior resistance. Confluences: - Breakout and retest of minor support - 2 4HR shooting star candles - MA crossover in the 1HR timeframe