Entry - 127.64 Target - 126.9 - 74 pips Stop Loss - 128.1 - 46 pips The risk to reward on this one is a bit better than recent trades. I'm not currently in the trade, but I do have an entry short off of the Ichimoku conversion line (thin green line) and area of previous support (light blue line at 127.695) on the four hour chart. I'm hoping the 30EMA sinks at or...
Entry - 130.235 Take Profit - 129.44 - 79.5 pips Stop Loss - 130.815 - 58 pips This is another trade with a less-than-ideal risk/reward ratio. On the four-hour chart, I'm looking for a bounce off the 200MA and previous area of support (now resistance). You'll note that the 130.235 had been an area of interest previously, but I had drawn this line on the monthly...
EurJpy - Daily time frame - I prefer shorts from daily supply zone down to a daily demand zone.
Price is due for major correction and let's watch it Melt!
Price has been correcting big bearish movement since last week. EJ rejected 50% of fibonacci + MA50 with a low bullish volume. Breakout has done, so we can expect bearish movements this week.
My analysis is that euro will weak against jpy . It seems that EJ is making a new head & shoulder pattern.Kindly wait for confirmation candle before entry on the price and If the price goes up it will go until area 129.311 -129.561 and start sell again. The price stuck twice on the EMA 50 which will make it even significant to go down. My target the price will go...
Ive been watching EUR/JPY for a couple of days now and have on the ichimoku system on with 20 period MA. Cuurent short price is at 120.947 and it dropped significantly. might start collecting profits and see how far it will go. it dropped under the 120.300 mark and had a small pull back temporarily but couldn't last. then continued dropping more after that. stay...
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!!