EURJPY bounced off its support at 121.087 where it could potentially rise further to its 122.166.
Disclaimer:
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
This week EURJPY keeps her strong Downtrend.
So that we prefer to Sell after She has a shot-recovery.
My Trading Strategy with EURJPY this week is : Waiting the recovery done then Sell.
#Sell zone: 121.900 - 121.100
Stoploss: 122.350
TP1: 121.300
TP2: 120.800
BUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
After a big move up, the Yen made some major gains over the last week as this pair has plummeted. We are now down and through the kumo, and close to a bearish kumo twist. In order to get a sell opportunity here, I want to see a drawback to just shy of the kumo and a good rejection candle to enter a sell. If we can get that, I'll enter and aim for the partial take...
BUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
The EUR/JPY currency pair is likely to continue its upside swing.
Wait for a breakout and confirmation.
support level at 120.80
Target at 123.53 region.
Buy after breakout and a confirmation.
Good luck everyone!
EurJpy has been travelling comfortably in a descending channel. Price jut hit the bottom of the channel and formed a double bottom, further confirming a long opportunity.
ENJOY YOUR PROFITS, STOP LOSSES AND TAKE PROFITS ARE AVAILABLE...
EURJPY has bounced off the descending TREND LINE along with the formation of a DOJI Candlestick which indicates there could be a recovery in EJ prices near term.
Hence, traders can look for BUY entries as long as price stays above the Trend Line between 121.80-122.10 with SL below the Trend Line. TPs can be set at 122.80 and 123.50 respectively.
Yesterday, I bought EURJPY at 122.21 and also advised my followers/friends to do so. Right now we are holding the trades for 123.30 as final TP.
The support area managed to stop the fall and we also have a nice pinbar candle which indicates that we can see more bullish price action till 123.50.
EUR/JPY Long Idea (5/22/19) 1HR Chart
- Looking for price to reach the bullish trendline
- Price should reach the 4HR disturbance (orange level)
- Looking for the first fib extension @ 124.000
- Long term target @ 125.000
EURJPY has taken a big hit this week, it has been dropping rapidly, however it has reached a major support zone and seems to be being held up due to the bounce it had when price hit the zone.
What we think will happen next depends on the next movement in price, if it breaks above the resistance zone marked on the chart then we will see some bullish movement to...
