Preferred direction: BUY Comment: Our trading idea for the instrument worked out best this week. Growth potential remains and the transaction has already been transferred to breakeven and profit has been partially fixed. The resistance at 144.900 certainly creates an obstacle for the buyer, but most likely the currency pair will keep its presence at the level,...
Price is reacting to our sell entry at 159.11, which is slightly below the 61.8% fibo projection. Stop loss is at 159.96, which is placed slightly above the 127.2% fibo extension. Take profit is at 157.92, which is a pullback support level. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party...
Analysis: Bearish Confluences Price has failed to push higher multiple times Price is forming lower lows We're retesting a strong area of resistance that's been tested multiple times before Downwards trendline touch Bearish pennant pattered forming Broadening descending channel forming 11k long position decrease for the EUR 2k short position decrease...
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.
Welcome back! Let me know your thoughts in the comments! ** CHFJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
EURJPY seems to be forming a higher market structure suggesting a bullish continuation in the near future . I have also marked the 2 last lows consecutively higher inside of the triangle formed on the 2 hour timeframe. For this setup to be valid, we would need a break of the last high at 157.52 to see price go higher to TP1 and TP2. More details in the video...
In the midst of the Asian trading hours on Wednesday, the EUR/JPY pair found itself in a contemplative dance within a narrow trading band. The subdued market sentiment, leaning towards caution, breathed life into the safe-haven Japanese Yen (JPY), curbing the cross's upward momentum. However, beneath this surface tension, a nuanced interplay of central bank...
I think it's a Sell Position on weekly timeframe : You can split your Lots by 3 parts as below: Entry 1 : ¼ Lots on price 155.750 Entry 2 : ¼ Lots on price 157.500 Entry 3 : ½ Lots on price 153.000 Close half of your Lots on price 147.000 SL on price 158.700 try to lose less, Profits will arrive on time
Yen Weakening Drivers: → rising prices for energy resources. After all, Japan is a major importer. → The inflation index CGPI (corporate goods price index) indicates a slowdown in inflation. Therefore, this raises the likelihood that the Bank of Japan will maintain an ultra-loose monetary policy. The growth of the euro against the yen is facilitated by the fact...
hi all Weekly summaries: Before breaking through the previous high, daily trading had been in a consolidation phase from the previous high at 142.939 to a lower level at 137.385 for 9 weeks. So, unless the price breaks present support at 139.547, a pullback would be a decent opportunity to stay long. In the elliott wave chart, I think the price is in wave 4...
Hello 500 bros! I have a setup for EURJPY today. Entry: 157.35 to 157.4 - SL(recommend 157.7-157.9) and Target as showing chart Happy Trading!
GBP-JPY wis retesting a Strong horizontal resistance Level of 183.087 from where I think we will see a local Bearish correction !
Hello,Traders! EUR-JPY is retesting a Strong horizontal resistance Level of 158.056 again And despite the fact that The setup seems kinda risky I still think that it is a good idea To go short with the low risk Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Preferred direction: BUY Comment: Buyers confidently continue to move towards the mid-term high at 145. The accumulated volume in the balance sheet allows buyers to move even higher. Thank you for like and share your views!
USDJPYis where the move will be as USD sells off, well, that is the thesis, but that could play out in a short in EURJPY depending on EURUSD.
I chose to sell Because we have a resistance area that the price has rebounded from three times And we gave supply zone and choch On the daily time frame, we have a reflexive candle hammer
EURJPY is trading ascending channel and reached at long term resistance area. Around resistance area price has started to show some seller strength as we can witness nice bearish candles. Will the bears take control from this zone and send price to lower region.?
Dear colleagues, I anticipate that the price will test the support area at 155.632. After that, I will be looking for long positions. Manage your capital correctly and competently! Only enter trades based on reliable patterns!