4h swing. fibs line up w/ swing trendline & institutional resistance/support. Also, a bear pennant on HTF.
EJ is very close to the 122.200 Resistance zone. I see it retesting it and diving down soon.
possible re visit to zone 123.062 for a mossible move down.
After the bullish run of EJ last week it stopped at a crucial zone, my trend bias is still undecided, however, i am fairly confident that we will see EJ retrace to the zone in green (lower green box) before making its mind up whether its going to continue its break to the upside or crumble down in the downwards channel. The breakout last week could be a common...
EURJPY - Looking for a short entry while waiting for a pull back
If Price does break out, it looks like a pretty long drop down.
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
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
Price has given us a nice impulse to a very strong supply area, price historically has trouble breaking beyond it. Also, a nice harmonic in play. Lastly, oversold RSI for extra confirmation. We'll see how this one plays out. Entry: 130.90 SL: 131.6 TP1: 131.20 TP2: 129.60 TP3: 129.05
Looks like EJ is a Short... Sooooo I have taken 3 entries 130.116 130.121 130.175 All with the same SL and TP
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.