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...
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Looking for some bulls to take the start of the week on this fine pair.
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
EURJPY bounced off 122.542 where it could potentially rise further to 123.345. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Look for rejection to go short Remember to apply MM
EURJPY was trading in channel pattern and also, it is at a very strong resistance level. According to chart patter analysis, we might see some downside in EURJPY from the current level. One can initiate a short side trade from the current level with proper risk management and stop loss. Thank You.
fact: we are still in a uptrend! dont think about shorting until trend is completely broken! we dont gamble here, we trade!
Afternoon Trader, I will be honest and say this IS NOT a trade I managed to take, I simply just missed it. Ill talk you through my thoughts on why I would potentially take this as a trade, we had multi bullish candle closes from the 121.917 level all the way up to the highs of 122.501 level with a swift sell off, initially I was not interested as price action...
The pair did a long accumulation in the form of an inverted head and shoulder pattern. It finally broke out and has been consolidating in an ascending triangle (continuation) pattern since then. Hence, we expect the pair to have a strong bull run when it breaks the resistance level of 122.5.
EURJPY reversed off its resistance at 122.098 where it could potentially drop further to 121.041. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURJPY is approaching its resistance at 122.208 where it is could reverse down to its support at 121.203. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Evening Traders, a few potential scenarios on this particular pair: 1) potentially we are in a larger ascending channel structure highlighted with the dotted outer trend lines, if so I see price action going for another move up within structure, but it will be largely corrective and not the best trade-able move, if we do, ideally a high candle rejection with an...
EURJPY been making step movements for last couple of days in upward momentum. This analysis is intraday for long term holders ans now at point 120.032 eurjpy has strong supports as you can see in H1,H4 time frame.According to the upcoming fundamentals EUR should be again high with steps movement like corrective momentum. EURJPY still is on my watch list and now...
Now we are shorting this to 121.400, I am expecting price to retrace a bit off this level then we will look for another short entry
Still bearish....we get to know later if we have completed the correction at WXY or price plan to go for WXYXZ before bullish trend starts.