Break of lower trend line and here we go 122.75 Let's Watch !!
Buy above 124.35. Stop loss at 123.65. Take profit at 125.25. Reason for the trading strategy (technically): Price has reached our profit target from last week. We prepare to buy above 124.35 support (Fibonacci retracement, horizontal overlap support) for a push up to at least 125.25 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic...
EURJPY Watch for the break out.
Harmonics: Cypher Pattern long @ Point D Completion Sl: 123.1376 TP3: 123.9308 TP2: 123.8189 TP1: 123.6671
Crazy things happen!!! I believe that successful trading strategies rely heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. Consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be a continuation or...
EUR/JPY is approaching the major resistance at 125.55 (Fibonacci extension, Elliott wave theory, swing high resistance, bearish divergence) and we expect the price to reverse from that level to at least 124.72 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) is seeing the major resistance below the 91% level from where we expect...
Eurjpy continue buy trend make a bulish pin bar on key level
We had a buy signal generated on FX:EURJPY supported by our technical analysis . Incase of a pullback, we expect a retest of the daily support and a rally to top.
If price menage to break critical level 121,30 we expect uptrend correction and we expect price to go down. *Fundamentals are still positive for euro, negative for jpy. Take care about that.
EUR/JPY might actually go up 100 more pips. The confirmation is still not clear and needs more time. However if it holds it's support then we can expect this move to happen. That being said, wait for the confirmation and invest properly. Happy trading!
Not a setup, but a downtrend continuation prediction is what I have in mind. Price could follow the uptrendline, to continue up as Fibonacci tool predicts where it will lead to, while 117.7 hit 61.8% & may be enough to continue downtrend with Traders Dynamic Index indication of reversal from an uptrend start. Or price to move up according to its minor fibonacci...
1.90 AB=CD Price At 114.85 2.00 AB=CD Price At 114.60 So the price of D is good support
Dear Traders, Currently,Seller has full control over EURJPY pair but after conversation of trump with WSJ dollar weakened and continuously sell off.that is why euro has more demand and jpy also demanding currency currently. I think, this pair will range to the price of 117.44 and after it take a short entry to the price of 112.60. If price approaches 112.60 then...
Let's just wait for price to decide which way to go
Hey Guys, Simple idea. Wait for channel breakout and look for flags to buy, we are expecting uptrend and breakout of the corrective structure. - Hola Gente, Simple idea. Esperad a la ruptura del canal y buscad banderas de compra, esperamos tendencia alcista y seguramente la ruptura de la estructura de corrección. Carlos
We see the price will retrace to 120 level before moving down to 117.50 - We sell this pair at 120 level to book profits at aforesaid level, BUT, it is also possible to grab 100+ PIPS of correction by taking long position from the closing price.