EURJPY is trading in channel pattern for a long time, shown in the chart. Within the Channel pattern, it has formed the symmetrical pattern at the resistance line of the channel pattern. The symmetrical pattern is considered for indecisiveness in price movement. According to the chart pattern analysis, we might see the downside. Trade can be initiated only after...
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NOTICE: This is meant to be a preparation for you. As always we need to wait for a confirmation!
EUR/JPY: Daytrade-Preparation
Market-Buy: 123,875
Stop-Loss: 123,280
Take-Profit: 124,950
Stop-Loss: 59,5 pips
Risk: 0,5% - 1%
Risk-Reward: 1,80
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Price is currently bearish overall so I am only looking for sells.
Price has made a double bottom and created a support level. I am going to wait and see what price does because there wasnt a lower low made yet and I do not want to enter a sell at just anywhere. There are three ways I am looking to enter a trade:
1. Price closes below the support showing bearish...
If the break becomes a reality, this is my analysis about price action, acting as a daily pullback or just a rejection from the big resistance in 124.240 area.
Plan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**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.
Traders!! if...
Hello traders, in my previous EURJPY idea, I mentioned about selling EURJPY at 124.10 at the resistance area( idea attached below). That trade generated more than 140 pips profit.
However, I believe the downtrend is not over yet. There's a good chance that EURJPY will drop to the 122 level. So, look at the lower time frame for bearish price action and sell with...
EURJPY has a clear double top pattern as we can see more clearly in the daily timeframe which I circled in my chart. We saw a nice rejection off the top level starting to form a possible bearish downturn. Interestingly, as price level falls, we saw a nice bullish retracement to the 123.60 price level resistance level and if we were to use fibonacci retracement for...
EURJPY bounced off 123.110 where it could potentially rise further to 124.744.
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Hey tradomaniacs,
EUR/JPY looks very bullish to me although we have seen rejection at the previous high which could cause a potential double-top-pattern.
More details in the chart!
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Irasor
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Afternoon Traders,
We have clear uptrend momentum, Id be very interested in seeing how price action responds to the last quarterly highs, (dark blue ray line) At the moment price action is clearly indicating to me further moves to the upside, signified by the large buying that is coming in every time price action tries to push lower,
I've highlighted my area of...
Hello Traders!
-------------------------------------------------------------
🚀 BUY Execution according to the market.
-------------------------👇🏻👇🏻 Look the running swing trades below 👇🏻👇🏻
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I believe price is about to reverse off this level, we are just waiting for price action to confirm the change
Price is being rejected from this level but we wont enter until its confirmed
