With price action forming a clean HH&HL pattern, and price reversing right from the rising trendline for an uptrend confirmation momentum allows the placing of a long entry, expecting the next bounce for the following order The order: Type: buy-limit S/L: 37 pips - R:R | 1:2 - T/P: aiming towards a previous swing high. -- *** If you like the idea, don't be shy,...
Price has reached a key level where it was rejected from previously, I am expecting price to close below this level and fall to the next level of support Both have been marked on the chart - its clearer to see on the daily
EUR/JPY is showing us, it wants to continue in its bullish momentum. After breaking out a falling wedge, I am pretty sure, that uptrend is here to remain.
We are currently waiting for price to break support and fall to the target area Price attempted to break support twice already but was rejected as we can see on the chart.. Once price has broken support we are selling to the green area
** If you missed the 1st Entry you can enter it again. Check the previous Analysis in the Link GOOD LUCK ----------------------- Disclaimer: Forex trading and trading in other leveraged products involves a significant level of risk and is not suitable for all investors.
EURJPY has been seeing the downtrend over the years. Like no other currencies, EURJPY has given the birth of an uptrend against the Japanese Yen. Towards all other currencies, Yen seeing their currencies weaken all over the market traded. This given the opportunity to other currency pair to strengthen. 2020 is the year where we all witness the weakness of the...
The price structure after forming an "M" pattern has continued with its bearish tendency. Currently finding support towards the 200MA, if the price breaks out the MA, a short entry will be waiting for it to capture the downward movement. The order: Type: sell-stop S/L: 20 pips - R:R | 1:2 - T/P: support level -- *** If you like the idea, don't be shy, click...
EURJPY expected to reverse up to 1st support at 120.582 where it could potentially react and bounce to its resistance at 1st resistance at 121.454. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Price structure has formed an "M" pattern with a double top and supported by a bearish divergence from MACD signaling the bearish momentum hovering the pair. Expecting a healthy correction to continue its downward movement allowing the setup for a short entry The order: Type: sell-limit S/L: 29 pips - R:R | 1:2 - T/P: support level -- *** If you like the...
Waiting for support to be broken and then sell to the target area
EURJPY Take 1-2% risk of your account capital. Personal Note:I do not guarantee for a win or loss, my trading style has over 60% win ratio which is phenomenal for a successful trading career. I simply follow the pure knowledge and let market do its own thing. I am not attached to the results, because i know over a set of trades i always become profitable. Best Regards.
EURJPY Take 1-2% risk of your account capital. Personal Note:I do not guarantee for a win or loss, my trading style has over 60% win ratio which is phenomenal for a successful trading career. I simply follow the pure knowledge and let market do its own thing. I am not attached to the results, because i know over a set of trades i always become profitable. Best Regards.
Although the Euro is currently showing some indecision after some exhaustion from the bulls rally on the London session, the pair remains under bullish dominance. The EMA about to form a golden cross to arrange the uptrend bias from the book finally, with its perfectly HH & HL the price action allows a long entry to the previous demand zone The order: Type:...
As we can EURJPY has broken our of trendline and now heading back for a BULLISH Climb. Previously, we expected price level to reach 61.8 fib level before retracement however what we say today was a price rejection off 50.0 fib level breaking 38.2 fib level and currently showing a good potential to reach 23.6 fib level. At which, we have to take note of further...