For quite some days, the Euro-Japanese Yen has been solely consolidating within this range despite the further decline of other Euro Forex pair. That being said, this may be qualified to be an NR7 trade; it is also called as Narrow Range 7 day bar. With the NR7-qualified trade, we can also see a possible formation of a triple-top-double-bottom... or a possible...
I have a longter term Short setup for the EURJPY but here we see a shorter term H&S pattern setup forming for anyone interested in a shorter, possible intraday trade. Wait for a break of the neckline before entering and a more conservative approach would be to wait for a pullback and re-test, however, from experience we know this does not always happen. If you...
We saw a bullish EMA crossover (Golden Cross) occur on the 26th of April 2017 on the 4H chart and price has respected this crossover and has been riding above it, making higher highs. However, in recent weeks we've seen progression slow down and we have made our first Lower High as the uptrend begins to curve round to the downside. Price has also fallen below...
Break of lower trend line and here we go 122.75 Let's Watch !!
EURJPY Watch for the break out.
We had a buy signal generated on FX:EURJPY supported by our technical analysis . Incase of a pullback, we expect a retest of the daily support and a rally to top.
EUR/JPY might actually go up 100 more pips. The confirmation is still not clear and needs more time. However if it holds it's support then we can expect this move to happen. That being said, wait for the confirmation and invest properly. Happy trading!
1.90 AB=CD Price At 114.85 2.00 AB=CD Price At 114.60 So the price of D is good support
Let's just wait for price to decide which way to go
On day chart the Price have reach the 50% Retreated level On 4H chart the RSI below 30(show oversold) The ABCD pattern show the D price is 118.15 Good luck
EURJPY found support last year at the lower bound of a multi year channel (109.50) and a swift recovery has taken shape since then. It headed towards an intermittent hurdle near 124 the 76.4% retracement from march2016. Currently the pair is retesting the channel limit at 11.70 in what appears to be the fourth wave from an elliot perspective. With the daily...
As mentioned in previous post we found support last year at the lower bound of a multi year channel at 109.50 and a swift recovery has taken shape since then. A recovery appears plausible towards 121. A break above will take it towards 122.50/123 with the next handle at 124. All the best and trade with care. Thanks for your support.
Hi,traders,I hold a point:Good charts does not more words to explain! Good luck
BREAKOUT EURJPY TRENDLINE AND MOVING AVERAGE LETS GO DOWN EURJPY
Everything meant to be self training.
There is an uptrend. Open price - 123.194, TP - 123.496, SL - 122.794