EURJPY is expected to drop to 1st support at 117.563 where it could potentially react off and up to 1st resistance at 119.961..
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Hello and welcome to my Trade Idea of the currency pair EUR/JPY .
Let's start with the Top Down Analysis.
Weekly: The weekly timeframe is bearish with a huge bearish candle who has closed under the weekly support.
Daily: We see on the daily timeframe big bearish candles to sum up, the trend is bearish.
H4: The downtrend is clear to see with a little...
One way to determine the strength of a currency is to add 2 moving averages to the charts, one set to 5 and one set to 12. If both the 5 MA and the 12 MA is pointing upwards, that means +1 and vice versa if both of the MA:s are pointing downwards. If they are pointing against each other, different direction or are flat lined, thats equals 0 as we are most likely...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=117.75.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=118.55.
TP4: R2=118.8.
Set the stoploss of these orders at breakout of S2=117.5.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
Hello Folks,
EURJPY is free falling, EUR index is going down badly, JPY index may go up, however it will be short term before it comes back down badly. SO EURJPY is falling to 118 sooner or later. This is a sell.
THUMPS UP.
If it happens and rises, SELL again, and dont worry, this is coming down for sure.
Thanks
A bullish Gartley setup, in fact, it is a bullish deep Gartley setup. Trade at X is my favorite setup as it provides the best Reward: Risk.
In trading, every decision is a trade-off, in this case, yes it does give a great Reward:Risk but is at the brink of breaking the Gartley.
What's your trade plan on this? Comment down below.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=120.75.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=121.4.
TP4: R2=121.65.
Set the stoploss of these orders at breakout of S2=120.2.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
View On EUR/JPY (22 July 2019)
Back Ground: The market was hitting hard on EURJPY since last May. So, the current main trend is DOWN still.
Things to See: It is on the BIG sideway swing mode since the last June and we are seeing potential signs of bottoming.
Target(s): UP 122.14 (TP1), 123.1 (TP2)
SHTF: $119.2 is the last support.
DYODD, all the best...
Trade Idea:
EURAUD tested and quickly rejected a move above the final resistance level of the bullish trend, that spans all the way back to the end of 2017. The move to test final resistance level was a direct result of the trade war escalation. Nevertheless, the fact that price is very responsive to the final resistance level indicates that the trend is very much...
EURJPY HAS REJECTED THE ZONE AFTER THE BREAKOUT OF THE STRUCTURE WERE LOOKING TO GO LONG.
/
/
To join my Telegram Channel for free To receive loads of similar signals and enjoy our services, visit t.me.
Facebook Page: www.facebook.com.
.
Facebook Group/Chatroom :...
In this pair we see a basic structure AB = CD and a harmonic BAT pattern. The ranges outlined in the image are suitable ranges to start an uptrend for this currency pair.
Looking to go bullish here. You can see we are at the bottom of the barrel. Looking to take a long position to just above 119 with a break and retest of the inner-trendline and then TP will be just to the outside of the long-term outer-trendline. Looking then if pass and check to enter another long position to 119.020.
Right now the YEN is showing a position of...
For those who are looking for trend trading opportunity, then this bearish bat is a good fit for the setup.
Counter-Trend Traders, fret not, a deep bullish Gartley setup fits in perfectly to your daily chart double bottom with RSI Divergence?
What's your trade plan for this baby? Comment down below.
EURJPY expected to rise up to 1st resistance at 120.126 where it could potentially react off and drop down to 1st support at 118.922.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURJPY expected to rise up to 1st resistance at 120.061 where it could potentially react off and drop down to 1st support at 118.891.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
