Eurjpy had reached at strong resistance and now time to drop with a small risk on retracement we appreciate ur likes and comments
Let's take a look at one of last weeks biggest gainers. EUR/JPY did face some serious bulls last week. Breaking through resistance lines like there is no tomorrow. However, price again is at resistance line. This time on daily chart and we predict that this resistance area will hold as RSI and Stochastic shows price is extremely overbought. MACD indicate momentum...
A countertrend trade, for a sell-stop entry after the formation of a tweezer top candle bars at a supply zone. Expecting a healthy correction with the Euro who has been in a clear rally since last week. The setup allows a decent R:R | 1:3 with an S/L for 95 pips and target right at the support level.
The price reached an important descending trendline and showed signs of rejection. Wait for the price to break the mini channel on the 1-hour chart to enter a short position. Instagram: forexsenpai
EURJPY SHORTS LOOKING GOOD IN THIS REGION IF WE CAN KEEP REJECTING AND SHOW BEARISH PRESSURE
Let's take a look at one of our favorites EUR/JPY on 4H chart. We made a lot of pips because of descending channel . However, this channel has been broken and price now is much higher. We now are expecting price to drop to new support line and than either bounce from it or get back inside the descending channel . What do you think about this idea ? Do you agree...
Price traded inside the blue channel. Atm looks like forming a flag / wedge as at the previous wave. Possible entry zone is 117.20 - 117.50 , when the flag will formed. The target zone is near 119.00 - 119.50 The trading plan will canceled, if the red support line is broken. ----------------------------------- This is not the financial advice. If you...
EJ has seen huge bullish oves the last 3 days braking out of a downtrend with little to no retracement. I expect bullish pressure will become exhausted at the 118.5 zone and the leg down will begin.
EURJPY expected to rise up to 1st resistance at 118.705 where it could potentially react off and drop down to 1st support at 116.667. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EUR/JPY long-buy weekly 120-125 break target profit resistance 700 pips potential profit and 30 pips stoploss support with 20 rr Indicators and oscillators are oversold weekly, rsi, demarker and bb etc. EMA, MA and MACZ-Vwap etc.crossing for bullish movement Economic calendar release are all bearish and hawkish
Hypothetical scenario (18/05 - 22/05): (1) Entry @ 116.500 (Sell Limit) (2) Stop Loss @ 116.800 | 30 pips (3) Target @ 115.900 |60 pips (4) R:R = 1:2