Price has reached a key level where it took a fall to support previously, waiting for price to show signs of rejection and to break the trendline before shorting to support
Wait for candlestick reversal formation at that price level to go short.
Hello Traders! BUY Execution according to the market.
in my opinion we should look for short setups..we had weekly resistance zone which price reject and push down..then we had double top pattern and price broke neck line and pullback 38.2 % of move...we expected price push down at here or retest neckline then drop..
Price has reached a key level where it was rejected from previously, I am expecting price to close below this level and fall to the next level of support Both have been marked on the chart - its clearer to see on the daily
EUR/JPY is showing us, it wants to continue in its bullish momentum. After breaking out a falling wedge, I am pretty sure, that uptrend is here to remain.
Plan: wait for the price to decelerate and 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. ...
EJ 78.6% fib retrace to liquidity level, then short.
We are currently waiting for price to break support and fall to the target area Price attempted to break support twice already but was rejected as we can see on the chart.. Once price has broken support we are selling to the green area
** If you missed the 1st Entry you can enter it again. Check the previous Analysis in the Link GOOD LUCK ----------------------- Disclaimer: Forex trading and trading in other leveraged products involves a significant level of risk and is not suitable for all investors.
EURJPY expected to reverse up to 1st support at 120.582 where it could potentially react and bounce to its resistance at 1st resistance at 121.454. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
EURJPY is trading in rising channel pattern. According to chart pattern analysis, we might see upside movement on EURJPY towards resistance, as shown in the chart. We might see price trading in channel pattern for some more time. One can initiate short term long side trade in EURJPY with proper risk management and stop-loss. Thank You.