Hi guys, today i want to share with you this simple consolidation pattern called triangle: it basically consists on one trendline and one horizontal structure level converging at the same level. Price is making lower highs and equal lows. As you can see on the chart above though, price has actually broken to the upside this trendline, also breaking the double...
Hi guys, today i want to share with you this simple consolidation pattern called triangle: it basically consists on one trendline and one horizontal structure level converging at the same level. Price is making lower highs and equal lows. As you can see on the chart above though, price has actually broken to the upside this trendline, also breaking the double...
Hi guys, this is a Cypher pattern that's almost completing on EURJPY 1H chart. The white line represents a previous structure level very important and in the daily chart the RSI is in oversold condition. Price has also created a nice pinbar on the daily chart as well. These are the reasons why i'm getting involved with this. I'm actually taking this one a little...
Hi guys, this is a Cypher pattern that's almost completing on EURJPY 1H chart. The white line represents a previous structure level very important and in the daily chart the RSI is in oversold condition. Price has also created a nice pinbar on the daily chart as well. These are the reasons why i'm getting involved with this. I'm actually taking this one a little...
Hi guys, here we have a double bottom at a previous structure level on the 4hr (in this case our higher timeframe). The last candle signals also buying pressure, together with RSI divergence. That's enough for me to consider taking this trade. Stops below the low, first target at the retest of the highs, second target at 618 retracement of the previous move. If...
Not to excited about this pair right now....price still under a consolidation in the daily time frame forming a big daily structure
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 is still in downtrend, but we are expecting reverse back to uptrend soon. As you can see, EURJPY is probably going to meet trendline with 61,8% fibo PRZ where EJ will go longterm up then. Waiting to all Yen pairs go to reverse up soon (this or next week) Keep eyes on UJ GJ and EJ Don't forget to trade with proper MM/RM and caution, Good luck guys.
point D Bat pattern Complete and Buy from 119.55-60 area and 1st tp is 120.20 and tp 2 120.60 , this is short term Oprotunity , and I Recomend , Take profit on tp1 and see price action , if price action make reverse candlestick then sell from that point tp is 118.60 and I also watch long term sell
We expect the price will move upwards in the long term weekly technical analysis. Take Entry @ 123.30 Take Profit @ 128.20 Stop Loss @ 112.61
There is an uptrend in EUR/JPY. Set Entry level as 120.942, TP - 121.342, SL - 120.542
We expect the price will reach 122.30 before going down. TP: 122.30 SL: 120.50
EUR/JPY breaks the previous resistance zone and moving up with strong trend. Only wait for pull back in H4 or H1 chart to entry the long side. Caution: The risk/reward ratio for this pair now is 1:1 and is the middle of the trading range. Trade safely with proper risk management skill :)
Eurjpy trading around 115.8as our EMA Study it change Its Daily and as well Weekly Trend down to up after long time. also Formed Strong Bottom 112 on weekly Chart For long as its holding above 112 we can see 119-122 very soon So advice to buy in range of 115.8-113.4 Sl below 112 Tp1 119 TP2 112
Eurjpy seems strong support around 112.7 level Advice to buy cmp 113.2 with sl 112.5 TP 115
The price finding support area at 115.46-116.63. Bullish as long as support area at 115.46 remains intact. As intraday trading strategy. we must get bullish signal confirmed by trading above 117.764 with potential target at 119.03- 119.89.
SUMMARY: The EURJPY pair bounced slightly during the course of the day on Friday, using the 113.28 level as support. At this point in time, the market is looking bearish. The primary trend of EURJPY is bearish on charts and price is trading below its support trend line in its 1 hourly chart. In its daily chart the price is sustaining below 200 day SMA that are...