EURJPY looks bullish overall but spotted bearish divergence on 4 HR chart.. i am taking my chances with this short...
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Vinny
Hi, Traders
Market moving for 4th wave if breakout happens then we have to wait for proper 3 wave correction and look for long position, if not happens then look for sell after a correction.
Note: This is mere a idea not a trading signal to trade. Trade carefully !
Thank you for your support !
There is a good Opportunity to Buy EUR/JPY until price @ 131.608. It's already breakout's it's support @ 130.793. So it's expected to reach it's strong resistance area.
Hi, Traders
Big move is coming in eurjpy for short position.
As i am expecting correction may be end between those blue line but eventually it will on the way.
Note: This is mere a idea not a trading signal to trade. Trade carefully !
Thank you for your support !
Hello fellow traders,
My analysis shows a possibility to form the leading diagonal. Anyways it is a great moment to sell again :)
Best Regards,
Trader.
EURJPY is in a bearish channel and our goal is to sell on strength to rise the momentum down.
Sell below 130.59. Stop loss at 131.02. Take profit at 129.46.
Reason for the trading strategy (technically):
Price is seeing major resistance at 130.59 (Fibonacci retracement, horizontal overlap resistance, bearish channel) and we expect price to drop from here towards ...
EURJPY is presenting us with a nice opportunity to go long on.
Buy above 130.62. Stop loss at 129.75. Take profit at 132.35.
Reason for the trading strategy (technically):
Price is testing strong support at 130.62 (Fibonacci retracement, horizontal overlap support) and a strong bounce could occur at this level to push prices up to 132.35 resistance (Fibonacci ...
Intro: EURJPY is testing strong descending resistance presenting us with a good opportunity to enter this short trade.
Sell below 131.24. Stop loss at 132.26. Take profit at 129.45.
Reason for the trading strategy (technically):
Price is testing strong resistance at 131.24 (Multiple Fibonacci retracement, Fibonacci extension, descending resistance) and a strong ...
Forex cross pair EURJPY is dropping on the weekly and creating new supply levels at 134.9 for potential shorts. It is quite a wide zone and they are usually penetrated deeper so expect a reaction but deeper into the level. In a downtrend supply imbalances are respected and demand zones and levels are removed. Short bias on EURJPY.
Buy above 131.80. Stop loss at 131.12. Take profit at 133.31.
Reason for the trading strategy (technically):
Price has bounced perfectly from our major support buying level at 131.80 (Bullish harmonic pattern, horizontal swing low support, bullish price action) and we expect price to rise further towards 133.31 resistance (Fibonacci retracement, horizontal swing ...
Buy above 131.80. Stop loss at 131.12. Take profit at 133.31.
Reason for the trading strategy (technically):
Price is now testing major support at 131.80 (Bullish harmonic pattern, horizontal swing low support, bullish price action) and a strong bounce could occur at this level to push price up towards 133.31 resistance (Fibonacci retracement, horizontal swing ...
