Can jump in this short earlier but it may bounce off of its strong support level
Good Day Everyone A look at the EURJPY pair which is net short from higher time frames when we look at the monthly, weekly and the daily chart the pair just rejected at resistance level 126.944 holding the descending channel structure. looking for a continuation of this move targeting support level 124.294 to complete a descending triangle structure on higher...
currently, we are seeing a higher low and higher peak series indicate that price still on the bullish trend, I will wait and see how the price will react further to the 125.42 support level before placing any sell order. **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of...
EURJPY long Analysis. Trying a strategy of trading, been backtesting for some time now.
Strong Eur. weaker JPY. 50% pullback into the structure.
Wait for an rejection or wick in this area then wait for that rejection to close, then take the trade or place a buy limit.
EUR/JPY Sell Now @126.10 SL: 127.00 TP1: 124.30 TP2: 123.0 TP3: 121.30
Looking to see some bearish pressure and a break and retest of this possible Hns.
Short Idea for this pair
125 and 116 are key monthly levels that i will be looking at setting orders at, notice how these are nice round numbers also! If you want to see the bigger picture you must zoom out, so use the higher timeframes and you will spot stronger and more setups, if the police want to find someone in a crowd they use a helicopter (so they are looking at the bigger...
EURJPY is trending in Upward Direction. It is trending in the Rising Channel Pattern. According to chart pattern analysis, we might see a small downside in EURJPY towards the support level of the Channel pattern. Short side trade can be initiated with proper risk management and stop-loss. Thank you
Disclaimer : The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
EURJPY market structure remains Bullish and price is above the 100H EMA. So, a continuation of the uptrend is expected. I would be looking to buy the dips near 124.30-124.65 with SL below 124 and TP at 126. Watch the area that I have highlighted in my chart. Buying here carries the lowest risk because your TP would be big and the SL would be small. Watch...
Currently, EUR/JPY is trading at 124.66. The pair may start a new down trend if it breaks the support level at 124.10. Previously, the pair was making higher high lower low pattern in the resistance and support wedges. If the pair starts a new down trend after breaking the support level, then its first target price will be at 122.65 and the second target price...
For Eur/Jpy we would definitely like to see some retest before the big long, so definitely my setup for this pair is buy zone around 123 area.
uptrend market. going up respecting 50 EMA. Broke and closed above daily resistance 124.30. uptrend continuation is expected.