- Downtrend daily Price bouncing away from daily Resistance Looking for Entry on lower TF What to LOOK FOR ? 1) Intersection of trendline 1HR TF (BREAK & CLOSE BELOW) 2) Reversal candlestick pattern
Looks like we could have some momentum to the downside for the euro early in the week. Confirmations: -Daily: Had a strong bullish push to the upside, but saw it stall at a heavy resistance at 133.000 for a couple of days before engulfing about 4 days ago showing we could start to get some bearish movement. Price has also gotten pretty far away from that 62 ema...
We got a decent spike on EJ to begin the US Session. It spiked to July's high and broke previous resistance around 130.8. Looking for a decent pullback or reversal setup.
I'm selling EJ as well. Double top possibly forming
Here is my top-down analysis for EURJPY and the short bias I have for the rest of this week! Like always leave your thoughts and questions somewhere or contact me. I always love to get better at trading and knowing that this is helping someone so LOVE YOU ALL and have a smart and strategic trading week... Contact me at: -Instagram: @krystianstreit -Facebook:...
Entry - 130.045 Target - 129.48 Stop Loss - 130.41 EURJPY has had a run. I expect a brief correction off of an area of resistance (light blue line at 130.23 drawn on a monthly chart). 200MA (dark blue) and 30EMA (green) lines had just crossed. The Ichimoku conversion line (orange) is the only thing preventing a retrace to my target at this point (besides pure...
EJ failed to retest the major weekly descending trendline , bearish sentiment lies in favor of overall strength of JPY.
Hey ladies! Here's a quick trade I have pending for EJ. Blues = buy, red = stop, greens = targets If greens are reached first, trade is invalid. Good luck!
EJ in fakeout area. possible entry of 131.6 at BE type 2 minimal SL of 10 pips
Im already short in EJ. Confluence from EURUSD. Greets Nico
Over time, eurjpy was pushed up from the area of YPP (P) 128.637 and MPP (P) 128.786. It will be stopped around 130.000 and the next week will be come. Weekly Chart 130.000 is not only a round number but also a head & shoulders neckline, so it seems that there are many conscious traders. (Also worried that for MA users 800 EMA and 1600 EMA are...
Over time, eurjpy was pushed up from the area of YPP (P) 128.637 and MPP (P) 128.786. It will be stopped around 130.000 and the next week will be come. Weekly Chart 130.000 is not only a round number but also a head & shoulders neckline, so it seems that there are many conscious traders. (Also worried that for MA users 800 EMA and 1600 EMA are...
I forgot to post this idea alongisde my GJ idea a few hours back. I'am in profit right now with EJ, I would expect a pullback for a greater move to the downside. I believe we will retrace to somewhere between 127.5 - 127.8 and continue going south. I expect EJ to make another low at 126.5 in the days to come, if successful we should then see 125.6. I will update...
Potential double top forming for EUR/JPY. Price has rejected 50% fib level on more than a few occasions; sentiment in the market with this pair is bearish in spite of spike earlier today in price.
EURJPY short idea; pullbacks at every fib level thus far; possible three touch on trendline. Long term outlook to possible 125.00 price area.