Hello Dear Traders, You find below my analysis for EUR/JPY, the currency pair is in the sell zone. I expect the price to fall. According to my set of rules, in the M30 frame EUR/JPY will fall to 129.5 as I am showing in my chart. Our Daily Goal is 129.3. Currently, EUR/JPY is moving towards the resistance level of 130.2,where there is some liquidity from this...
Since the beginning of June, EurJpy has started to drop, putting in lower highs and lower lows on our daily chart. At this moment the pair is consolidating in a symmetrical triangle and we can expect continuation. 127 could be a good target for swing traders and only sustained buying pressure above 130.50 would put a pause to this scenario.
We buy this pair because of a strong support below and the head and shoulder pattern. This is more than an institutional analysis. Invest wisely.
We are still patient and holding this last position. The original setup is linked below *Disclaimer* This is not financial advice. Forex trading is a risky business. Trade at your own risk. Patience and risk management are crucial. #Trade_Like_A_Magnate
So on weekly chart we can see that price is going up within an ascending channel. The downtrend movement on daily chart shows us a reversal H&S pattern is going to be formed which indicates that price is most likely keep moving up in weekly channel.
1) Top-down analysis Monthly - Previous monthly closure, Potential Inside bar and does not fill the wick of previous candlestick Weekly - Previous weekly candle closure, closed with doji candlestick and Closed inside the range inside of the previous candlestick Daily - Two candlestick rejection on 130.500 (Major psychological level) The bias is still upside...
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
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This entry was simply based on the trendline violation principles. of course other confluences had to be adapted before making an entry. *Disclaimer* This is not financial advice. Forex trading is a risky business. Trade at your own risk. Patience and risk management are always key #Trade_Like_A_Magnate
We expect to buy this pair EURJPY because of a strong bullish pressure existing in the market currently. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely.
We sell this pair because of a strong resistance above. This is more than an institutional analysis. Invest wisely.
This is a EURJPY 15 min ANALYSIS . As you can see from the chart we expect the red upper line to act as our resistance zone and the lower white line to act as our support zone. The price has reached a strong demand or support zone and we expect it to behave usual getting rejected not less than twice and the continue to grow fro this key zone. We put our stop loss...
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
1) Top-down analysis Weekly - Previous week long wick Daily - previous daily closure, Great closure for continuation 4H - Break of trendline 2) Confluences a. break and retest b. FIB 1H 38.2% c. Trendline
After analyzing this pair starting from monthly time frame, Price has nicely completed 38% Fibo level. Basically price was completing corrections of last bullish impulse. After rejection from 38% Fibo on monthly we have some more confluences on lower time frames. On Daily Time frame price has made beautiful descending wedge pattern. Now waiting for a double...
We previously call sell order and close that one manually with a couple of hundred pips, and now we found another good pattern to jump in once again in the same direction.
As you can see from this EURJPY forecast we expect to enter and exit the market as shown on the chart. We buy and sell as shown on the chart. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely.