2/27 - EUR/JPY Pair looking to continue uptrend in 2021
1. Looking like 3rd wave of primary building.
2. Should see a little pullback here to 126 area for 4th wave of intermediate, then a continued assent to 132-133 area = next Fib ext and some price resistance.
3. Should see 5th wave to 200% Fib and price resistance at 137.5 in 2022.
Thrusting out of our previous Demand level @ Y126.4, the price moved over 150pips in our direction since my last publication (see link below for reference purposes). Since the Breakout of the Y122.000 level mid last year, the price has continued to find Higher Highs with impressions that support LONG positions from all perspective. It is also very obvious that Key...
EUR/JPY Signal (H4 Timeframe)
A medium to high probability, entry to go LONG is forming @ 128.443 after the market found support @ 127.300. Only the downward break of 127.300 would cancel this bullish scenario.
Stop loss: 127.300
Take profit 1: 129.117
Take profit 2: 130.260
Take profit 3: 132.123
welcome to another free setup!
You don`t need to follow me on this one as this is a high-risk-trade ahead the news.
I personally have a higher risk-aversion and see a great opportunity here!
Point of Risk-Reduction: 127,680
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Hey traders, here is the analysis for the EURJPY. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
Good day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair.
Monthly : We Have an "W" Formation and we and we already started new impulse and broken previous High .
Weekly : We also have an overextended "W" formation as well and we completed the pattern. We should see a continuation to the upside.
Daily : We have a...
DAILY TF: BULLISH MOMENTUM IS PRESENT
4HR TF: BREAK OF RECENT HIGHER HIGH
1HR: RECENT HIGHER HIGH BROKEN
PLAN OF ACTION
- WAIT FOR RETRACEMENT/ CORRECTION PHASE ON THE 1HR TF TO COMPLETE BEFORE TAKING BUYS
- IF OPPORTUNITY PRESENTS ITSELF, WE CAN TAKE THE ANTI-TREND SELLS TRADES
The long term trend for eurjpy is clearly up and the pair is consolidating gains for over 2 months now.
If we ignore the false break of 126, the range is pretty tight, between 126 and 127.
Now the pair seems to press on resistance and I expect a strong break and acceleration
My target for long position is 130 and only a daily close under 125.50 would change my mind
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you. As always we will have to wait for a confirmation!
Point of Risk-reduction: 127,350
Stop-Loss: 40 pips
Risk: 0,5% - 1%