EURJPY Take 1-2% risk of your account capital. Personal Note:I do not guarantee for a win or loss, my trading style has over 60% win ratio which is phenomenal for a successful trading career. I simply follow the pure knowledge and let market do its own thing. I am not attached to the results, because i know over a set of trades i always become profitable. Best Regards.
After a few weeks of consolidation and retesting of the monthly zone we now look for a break above and retest. That will also align with the H&S pattern depicted. Extension of our target to be updated.
As we can EURJPY has broken our of trendline and now heading back for a BULLISH Climb. Previously, we expected price level to reach 61.8 fib level before retracement however what we say today was a price rejection off 50.0 fib level breaking 38.2 fib level and currently showing a good potential to reach 23.6 fib level. At which, we have to take note of further...
Happy Weekend Traders , has we have already seen the price action formed signaling a buy signal to push the market up to give over 150pips before looking for a new swing opportunity to the downside if the previous high holds. I am still consideration the possible gap that could be created when market opens before looking for the buy opportunity. Your likes and...
We can see that after the bullish breakout of the trend, we start to see BEARISH retracement taking place. Taking that to consideration, lets keep a BEARISH bias before we look into the technical analysis part of EURJPY. Interestingly, fibonacci retracement shows a nice pattern with price level retesting 23.6 fib level and 38.2 fib level as it falls. Definitely,...
Price Action Analysis in EUR/JPY shows that it is ready to drop to the next support level. It is a good time to look for sell trades because the risk is low and the chance of making a profitable sell trade is quite high now. Sell Entry: 120.45-120.60, SL: 121.20, TP: 119.35
EURJPY is hovering around a key area of support/resistance. Which we broke through and now is resistance, we might see a retest of the area which aligns with my ascending channel. Will be looking for a third tap of the top of the trend line for a short entry if it gets to that in a corrective manner. If it breaks the structure impulsively will be waiting to see if...
This pair looks very bullish after breakout of hourly downtrend and I am looking to go long here after breakout of pullback trendline after ABC correction wave is completed.
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...
Once We see a clear retest and close above the @120.464, we will go long. This will confirm strong bullish move to the upside. However Bulls are still evident and active. The weekly, monthly and daily all show bullish reversals to the upside. Buying momentum is also off the charts, so lets go long. This trade also holds a fantastic risk/reward ratio. Price has...
At the moment EURJPY is ranging. In order for the uptrend to continue , we would need to see a daily bullish close above 121.000. This should give us momentum to complete the H&S pattern as depicted. Entry would be on the Right shoulder ( high risk ) and on completion of the pattern for more upside movement. This idea remains invalid until all reversal parameters...
Price At Mini Resistance Looking For Shorts Alternatively Price Might Break To The Upside
GOLD BOX POSSIBLE ENTRY FOR SELL 1. Restest area of broken support 2. At the 38.2 (right rejection/continuation area) 3. Price could possible wick up into the 50% retracement (LOOK FOR RECECTION FIRST) 4. High confluence area 5. Divergence possibly happening on 4HR I'll personally be looking for reversal candles/ rejection on 4HR around the trend line (38.2...
Price broke 120.305 level and did the retest, Maybe it's a late trade but not too much, I expect that it reaches the point C of the Elliot Wave Pattern at 116.87.
EUR/JPY ANALYSIS 6/21/20 Check out my analysis where I called out this sell from top of the structure (I update my pairs frequently, NOT on tradingview) We may now see a pull back before more sell-off 2 places to be tested, I prefer to short at the ress above Reminder: Drawing is only an idea of how the price will move, it's NOT 100% perfection due to...
This pair rejected the short term top of 124.43. Initial bias remains on the downside this week for 61.8% retracement at 118.24. On the upside, a break of 122.11 resistance level is needed to indicate completion of the decline and bullish bias to start. Otherwise, further falls will remain.
EURJPY is about presenting a New Buy opportunity if we are able to have our desired price action formed to take it to the upside. A lot of patience is required in this market . Join me for more analysis . Comments are welcome. Get in touch if you're interested in learning .
Currently, EUR/JPY is trading at 119.58. The pair started a new down trend on 8th June and after giving the exit signal on regression trend by breaking the support level, it consolidated between the resistance and support levels. After breaking the support level and neck line at 120.68, the pair continued the down trend, its first target price for the down trend...