EURJPY is trading inside a Channel Up starting from the beggining of the year. The MA100 (1d) gave the necessary Support last week at the bottom of the Channel UP. Trading Plan: 1. Buy once the price closes over the Falling Resistance. Targets: 1. 166.700 (+8.00% rise as per the bullish leg prior). Tips: 1. The RSI (1d) hit Support (1) and rebounded. This...
EURJPY is trading inside a Channel Up for the past 7 months, consolidating currently around the 1day MA50. The Channel Down on the 1day RSI hints towards a possible price pull back, the same kind that took place in November-December and June-July 2022. Both corrections touched the 1day MA200. Sell and target 152.000 (projected contact with the 1day MA200). ...
Hey Traders, in tomorrow’s trading session we are monitoring EURJPY for a buying opportunity around 157.500 zone, EURJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 157.500 support and resistance area. Trade safe, Joe.
Hello traders, EURJPY may be followed by a consolidation, Shorter term traders could take long and short trades at bottom and top of the range, respectively. We will trade after breaks of the range! SO WAIT FOR UPDATES!
Q1-2023. High energy costs and elevated inflation are increasingly weighing on Eurozone real household disposable incomes, even if overall inflation pressures are not as broad-based as in some other major economies. In addition, disruptions to energy imports from Russia (oil and natural gas, both planned and unplanned) have the potential to further elevate energy...
in uptrend since long time now showing some bearish signs recently formed ascending channel breakout and retest has already confirmed expecting massive bearish rally in coming days expecting 350 to 400 pips bearish rally
Price has been consolidating but has now formed structure within the range that could possibly push price outside the range to the upside to possibly retest a higher time frame supply before further expanding down since higher time frame bias is bearish at least for the short term.
EURJPY - 24h expiry Buying pressure from 157.37 resulted in prices rejecting the dip. A Doji style candle has been posted from the base. Indecisive price action has resulted in sideways congestion on the intraday chart. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Further...
The EURJPY pair has been trading within a Channel Up pattern since March. The price is currently on the 1D MA50 (blue trend-line) at the bottom (Higher Lows trend-line) of the Channel Up. As long as the pattern holds (bottom intact, closing 1D candles above it), we have the opportunity for a low risk buy to target the Internal Higher Highs trend-line at...
EURJPY - 24h expiry Posted a Bullish Hammer Bottom on the Daily chart. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. The hourly chart technicals suggests further downside before the uptrend returns. We therefore, prefer to fade into the dip with a tight stop in anticipation of a...
I was bearish on eurjpy for the last week due to the weekly and daily charts, however, when I look at the 2w timeframe there is a completely different bias because on the last third candle price successfully engulfed its previous candle high and it seems like it is picking up orders especially on the psychological level at 157 twice for the next move to the highs.
EURJPY - Intraday Indecisive price action has resulted in sideways congestion on the intraday chart. A Doji style candle has been posted from the base. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. The hourly chart technicals suggests further downside before the uptrend returns....
Hey Traders, in today’s trading session we are monitoring EURJPY for a buying opportunity around 157.400 zone, EURJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 157.400 support and resistance zone. Trade safe, Joe.
Hey Traders, in the coming week we are monitoring EURJPY for a buying opportunity around 157.700 zone, EURJPY was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 157.700 support and and resistance zone. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring EURJPY for a buying opportunity around 158.700 zone, EURJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 158.700 support zone. Trade safe, Joe.
The EURJPY pair is trading within a Channel Up pattern since the mid-March low with the 1D MA50 (blue trend-line) as the main Support. The 1D MACD made a Bullish Cross and every previous such formation within this pattern, has been a confirmed buy entry. The first Higher High was a +9% rise, the second a +8% and assuming its a progression, we expect the current...
Last week's weekly Heikin Ashi candle was green. I suspect that it will close green again. Because of this I decided to enter long just as the new day began (8/8). I plan to hold this trade all week until just before market close on Friday. Stop loss just below the local low on the daily time frame.