EURJPY CALLED IN VIP, RUNNING IN GOOD PROFIT, SELL POSITION
EJ performed like a boss last week, with a break of the short term wedge resistance area and then powered up. If you didn't catch the breakout - don't worry. With price currently overbought, we can expect a pullback to the 126 zone as the has been a previous support/resistance area for the pair. The 126 zone will provide a good R:R entry point for those wanting...
This trade has been settingup for a long time. Trade confirmation occurred when price broke out of the 1 and 4 hour resistance wedge. More re-entries will be available, this trade will take a while to hit its TP at the daily resistance area - be patient and happy trading
What I'm currently waiting for now is a breakout of this range Ej is on right now. The daily resistance level has been tested @125.663 and struggled to break it. So now we see it approaching the bottom of the range @125.472. I'll feel more comfortable once it breaks it to the downside for a short. #BullishLifestyle
Too late for my liking to enter but heres a short from current level 124.75 to 124.24. Reason being, price rejected 125.7 and created a HS pattern on the 4H. Also clear LL and LH's on the 1H. Also below MA. Price could ultimately go to 123.8.
EJ has hit the support zone within the larger wedge pattern. A small consolidation occurred last week and price started to push upwards towards the close. This week should see price pushing up towards the resistance zone and then a major move will occur for the EJ. Just looking to trade with the key price action.
Rejection of 61.8% fib TP @ -27 fib extension SL 15 PIPS below 78.6% fib
EURJPY - Looking for a short entry while waiting for a pull back
EURJPY on the mid weekly resistance, break out line broken and retest at the zone 3rd retest bounce on the short term h4 downtrend line
hello traders We have an opportunity to short eurjpy We have a bat pattern formation + a strong resistance point (point 3) Stops: 130.500 Targets: 128.500 and 127.800 Have a nice week!
Here is a waves analysis on EJ. I've tried to illustrate it as clean and simple as possible. We can see price breaks an uptrend channel and formed wave (ii). Price has already started to show some strength to the downside after also breaking through EMA180. Objectives: 0.00% extension near 126.650 1.27% extension near 124.900 Best of luck!
Price violated the previous trendline in which price is rebounding from in my earlier post. Now the price has reached a significant level, and we are observing some bearish price action at this confluence level which consists of 78.6 fib ratio, resistance zone and 3rd bounce of descending trendline. We only need a valid confirmation (breakout of Counter Trend...
Earlier price had broke out to the upside but a correction seems to be forming to follow the previous bearish trend tp=128.227 sl-130.832 Analysis based on technical observation only