EURJPY as previously analysed retraced to
Fibonacci retracement level of 0.5. i am ultimately
expecting this to go down
once my support line is broken (blue line) i am entering
the sell down.
See previous analysis
PLEASE LIKE, COMMENTS AND FOLLOW FOR MORE
EURJPY quick analysis..
many outcomes.
await a breakout of the consolidation zone being formed..
patience is key, lets see what the markets give up
cheers..
EURJPY rallied nicely after a double bottom on 4hourly chart, for now price action is struggling heading up, i am expecting a pullback to be setting up, so watch this market for a possible short.
EURJPY broke out the downtrend line earlier this month, price action is making marginal highs, i am expecting a pullback to be setting up for a test of the downtrend line. Look for sell setups.
Happy Trading.
EURJPY HAS FORMED BULLISH REVERSAL PATTERN. BEARISH STRUCTURE IS NOW BROKEN. ENTER LONG CMP 130.93 WITH CBSL BELOW RECENT LOWEST LOW ON H4. TARGET 132.04 CONSIDERING HUGE SPREAD CUT OFF.
Sell below 135.14. Stop loss at 135.53. Take profit at 134.28.
Reason for the trading strategy (technically):
Price has dropped perfectly as expected and reached our profit target. We now see major resistance at 135.14 (Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push price down towards 134.28 support...
I think this is gonna be my first trade of 2018!
I waited so long for PA to break out of its range.
I'm gonna use any correction on smaller timeframes to open a long position.
Previous highs of 2015 (around 140.00) is the goal for this one.
Best of luck!
- your untypical trader guy
Eurjpy Make Down flag pattern ,,
if it break that downtrend flag pattern it going down
tp1 1.3200 and tp2 1.3100 sl above 133.50
Trade with care and happy trading
Asad ullah
Our preference: sales position below 129.80 with targets at 128.55 & 127.95 in extension.
Alternative scenario: in excess of 129.80, aim for a continuation of the rise with 130.00 & 130.50 in line of sight.
Comment: The RSI is misdirected.
Hi Seildev here:
EUR/JPY Long
- 127.00 Key area of interest
- 125.8 2nd level of support
- 123.92 3rd level of support
If entered at 127.00
tp @ 129.85
If entered at 125.8
tp @ 128.488
Safe trading
Our preference: position bought above 127.00 with targets at 128.25 & 129.05 in extension.
Alternative scenario: in break of 127,00, a continuation of the decrease will be envisageable with 126,35 & 125,65 in line of sight.
Comment: a support base on the 127.00 formed and allowed temporary stabilization.
EUR/JPY has lost it's bullish trend and may breakout it's support 200 pips+ down.
This is a great setup and could be a long term bearish reversal entry.
Always invest after your own analysis as well as money manage properly.
Happy trading!
Our preference: sales position below 123.30 with targets at 122.25 & 121.85 in extension.
Alternative scenario: exceeding 123.30, aiming for a continuation of the rise with 123.65 & 124.00 in line of sight.
Comment: The RSI is losing its bullish momentum.
