EURJPY has been travelling in an ascending channel ever since the large drop on all fx pairs, It recently broke out of the channel to the downside and has come back up to retest it. We expect price to now drop to the -0.27 extension level after testing the descending trend line.
Anticipating shift in trend downwards as price action demonstrates a strong momentum swing down. Additionally, MACD + Triple Time Frame RSI provide additional support for my idea
EURJPY has been travelling in an ascending channel ever since the huge drop on the majority of the fx pairs. Not much to be said apart from the doji candle and bottom of the channel has been hit, indicating price will make its way back up to the top of the channel IF PRICE HITS STL , PRICE WILL MOST LIKELY FOLLOW THE RED LINE.
The picture provided shows EURJPY in a very interesting wedge scenario that we could take advantage of. There could be either of the scenarios playing out which I am ready to take buy or sell order on depending on the reaction of the price: 1. Either the price breaks of the wedge to the downside. I could either place a sell order below the support zone...
GARTLY FORM ON H1 CHART LAST SIGNAL XAUUSD IN GOOD PROFIT NOW
EUR/JPY is going to have a small correction before bouncing up as you can see the predicted path within the chart - we can see a small retest of the 124.450-500 area.
Price has been travelling in a large ascending channel, we experienced a fake out to the downside, price made its way back into the channel annd shot up all the way up to the previous resistance point which is quite significant. We saw a major drop the last time we were here, can it happen again down to the bottom of the channel? We believe so... Price is...
Anticipating shift in trend downwards as price action demonstrates a strong momentum swing down. Additionally, MACD + Triple Time Frame RSI provide additional support for my idea ALL OUR TRADES AND POSITION UPDATES ARE POSTED TO OUR TELEGRAM AND INSTAGRAM PAGE Trades Telegram: www.t.me Chat Telegram: www.t.me Instagram: www.instagram.com
Last week saw this pair finally hit some resistance before falling back down into the kumo. This is a sign that we are currently ranging between trends, and while we have some mixed signals we are looking more and more bearish. I am looking for a bearish breakout entry which will hopefully coincide with a bearish kumo twist for added confluence. I've drawn out a...
BUY & SELL 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 !!
Price made an impulse up breaking the trendline, I would like to see price make its correction too 61.8% for a 3rd touch, for another push up to a new HH
I believe the trend has reversed and we are now bullish but have hit a resistance point and should retrace where buyers may take a long position again. I have identified 2 places where you may wish to do a buy either at leg B OR you can decide to wait for market to go lower before buying in again at leg D. My labelled zones are only a rough idea of where i think...
BUY & SELL 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 !!
Awaiting the end of this correction for another impulsive move downwards
BAsed on yesterday analisys we can add an extra low timeframe confirmations to the already formed daily set up so what we got here in the 2h tiemframe is: 1. 2h channel formed and respected 2. holding right above previosu structure 3. 4th Elliot formation 4.Possible candle formation
Another JPy showing strong bullish momentum where must of them have broken previosu structures and this one aint no exception,we got here soem nice confirmations to think about a possible upside move atleast to the 126.00 if the right criteria is met ,those confirmations are: 1.Double bottom formation (124.00) area 2.3rd daily wave already formed 3.Broke...
EURJPY – Price on the monthly is closing as a monthly bearish engulfing. However, price needs to break the yellow zone before bearish momentum is seen. Bullish momentum from this area, we could possibly see price push up into the upward blue zone. Buy Bias: A break above 125.000 could push up to 126.250 Sell Bias: A break below 124.000 could push price down to 122.000