Multiple pin bars signaling strong selling pressure along the 113.300 support. Price action broke through finally and activated my short. Entry 113.296. TP 112.220
EUR/JPY is looking like it could hit the trendline soon. Watch for confirmation on a buy or sell. Good luck. AJ has the same type of set up.
Im a new trader and spotted this head and shoulder pattern on a M5 chart. As well as Key Support areas on a H4 and Daily chart --- May be a potential place for the market to roll over!!
After the long time of triangle swinging, It's choose the direction to SELL
It just pass the reversal point and HH now.
EJ is currently trending nicely. To jump on the trend. Wait for break and retest of support level and continuation to 120.00 then 130.00.
Quick clean idea on EURJPY. Drawn Support and resistance based on structure, wedge tightening. Fibonacci retrace level shows 61.8% reversal possibility occurring from last months High/low point. Commodity channel index also heading south after being heavily overbrought Seeking entry between 136.350 - 136.450 watching smaller TF's play out before...
Expecting a retracement due to strong 200ema resisitance before next leg up in line with EU. Possible formation of inverse head and shoulders (C retracement). Targets 138.585 & 142.00
EJ seemed all too random on Friday but further inspection showed that it was obeying technicals perfectly. My first post of EJ on the daily TF still stands. Unless re-analysis suggests otherwise. Price broke bearish rising wedge and retest the CTL and formed an equidistant bearish channel point D was the completion of a Bullish Gartley within.
Rejected by the 61.8% fib creating a LH and now a symmetrical triangle has formed. High probability of a breakout to the downside. First target @ 144.10 close to key psychological of 144. Fluent with -27% fib.
This setup use the following indicator. 1. Strong support and resistance line for both target and entry order. 2. Use price action (PA) on pin-bar candle stick close on daily chart. My setup configuration: Long @ : 136.00 ] [ This come from the GREEN Arrow where price shown strong significant resistance in the past.