EurJpy has Been on a strong bull run over the previous weeks Breaking out of a price channel and has now come back for a retest with huge confluence building giving a high probability trade entry.
However, as this is Easter weekend we can expect little movement until next week midweek.
Confirmations for Long Trade:
Hidden divergence suggesting...
Probable:
While EURJPY is above the diagonal trendline, it is most probable price will rise, breaking the recent double top, towards 127.650
Alternative:
If EURJPY is below the diagonal trendline, expect price to retest support at 124.300
The EUR/USD currency pair on the 4-hour time frame has been following a downtrend recently. The price slides to the weekly low of 1.12273 on 18 April. The price action in the EUR/USD in mainly driven by the strength in the US Dollar. Euro dropped more than 100 pips against the US Dollar in 2 days before making a recovery attempt. The recovery attempt seems weak,...
The price seems to be starting to form a bearish flag, it is still in its early stages, it should give us an idea within a couple of hours if the price is forming a bearish flag or not. The price had recently dropped a lot, this had cause the RSI to move into an area of being oversold. The price is currently in a period of consolidation, this would allow the RSI...
A n inverted head and shoulders pattern seems to be forming on the 1D chart. The left shoulder has been completed and the head is currently being formed, over the short term period, we should see this pair climbing up to the neckline of the pattern. Then if it is a head and shoulders pattern we would see the right shoulder start to form. I will be updating this...
Aaand the losing streak is over! Thanks to a decent signal from EUR/USD, the HLHB is back to black this week. Phew!
Before we get to the numbers, read all about my HLHB Trend Catcher System if this is your first time hearing about it!
Basically, I’m catching trends whenever the 5 EMA crosses above or below the 10 EMA. A trade is only valid if RSI crosses above...
We take more than 200 pips in the ideas posted last week
Time to follow the principles of trading.
Bullish Tendence and fibo 61.80% retracement.
Always use stop loss and take Profit
Support in 1.17700 pull back soon
Almost a picture perfect trade again with this double bottom pattern. Target is almost reached now but as we can see there are several resistances now. I posted an update in my channels an hour ago, about taking at least some profits. This trade had no long term thoughts behind it so IMO' i would not focus too much on letting a big size run and simply take the...
Inspired by an indicator I found on stevehopwoodforex.com and the endless possibilities of tradingview.com I came up with this currency strength visualisation concept.
*Please hit the zoom-out button once*
(or more if you're feeling wild)
This may look like a mess, but the last few "bars" on the chart are holding some useful information!
I'm sure I'm not the...
There is heavy Resistance from the Lower High trend line on 1D (bold dashed line).
If broken to the upside, a -0.82% high from the previous top may be made. The target on this scenario is 1.1353.
If rejected, it should test the 1D Support at 1.11815.
*Notice the 4H Channel Up pattern that resembles the one during February. This supports more the bullish break...
Hi there. Price is at the bottom of the pattern forming B wave. We expect an up move (C wave) to complete the pattern. Watch strong price action at the current price for buy.
the pair near to complete AB=CD structure
with 61.8 Replacement of upward impulse
in addition to resistance line parallel .
This is not an investment recommendation or any call to buy or sell
It is just an analysis based on a study of the history of price action
Behavior , that may not be a necessarily reason for the success of
the structure or...
The pair is trading on a nearly year long bearish Head and Shoulders pattern on 1W, ranging (RSI = 51.063, STOCH = 51.102, MACD = -0.011) since last November within the neckline of the right Shoulder. The Highs and Lows within the neckline show that there is still upside potential before another bearish leg towards 1.63000. Medium term swing trades may find it...
The name euro was officially adopted in December of 1995 and replaced the former European Currency Unit (ECU) as the official accounting currency on January 1, 1999. It is the official currency of the euro zone, which consists of 19 of the 28 member states of the European Union. It is the second most traded currency in the world after the United States Dollar and the second largest reserve currency.
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