We have 2 options for this trade: Plan A: Waiting for 1-2 more bearish signals to short High Risk to Reward Ratio Plan B: Continue with the trend The price breaks the resistance zone, wait for pullback and go for long :)
EUR/JPY breaks the previous resistance zone and moving up with strong trend. Only wait for pull back in H4 or H1 chart to entry the long side. Caution: The risk/reward ratio for this pair now is 1:1 and is the middle of the trading range. Trade safely with proper risk management skill :)
We have a big trend line stretching as far as January 2016 which finally broke yesterday. we might have a small pull back before our setup is ready. buy whenever you feel it fits your strategy....
Hellow everyone ! Another reason to keep trading even tho' you get home. I love those! So start praying we me. IIFFF JPY starts to weaken, we are in luck!. Everything is on the chart. **Never forget your helmet when you take the right candle** **Enjoy trading ! it's thrilling" and **SL should NOT and almost NEVER be beyond 10 pips! JUST Wait for the right...
Approximately 55 pips available. Market has reached a level of support on the 1hour chart. Market has been in this range since 22 September, with reliable recent evidence of market activity remaining within this range. Low risk entry of around 9 pips, with a reward of around 55 pips.
The price finding support area at 115.46-116.63. Bullish as long as support area at 115.46 remains intact. As intraday trading strategy. we must get bullish signal confirmed by trading above 117.764 with potential target at 119.03- 119.89.
SUMMARY: The EURJPY pair bounced slightly during the course of the day on Friday, using the 113.28 level as support. At this point in time, the market is looking bearish. The primary trend of EURJPY is bearish on charts and price is trading below its support trend line in its 1 hourly chart. In its daily chart the price is sustaining below 200 day SMA that are...
Look like the falling wedge(correction) is going to end. Very good time to buy now and keep for long term.
1. Price may continue going down to .382 (S3), if it breaks the S3 price should retrace off the channel and go into an uptrend. 2. Possible reversal at 122.417 & 122.216 4. Once the resistance level at 122.739 is broken it turns into support for the uptrend 5. Once uptrend starts price may retrace 2 times before reaching target. 6. Watch for the retracement and...
SUMMARY: The current trend of EURJPY is bearish on charts and price is trading below 50 day SMA and 200 day SMA with appearance of dead cross on 4 hourly charts. It is having an important support at the level of 123.12 and resistance at the level of 123.85. On chart it made a symmetrical triangle. If it breaks its support level on the downside and sustains below...
EUR/JPY ( 30 MIN. ) SUMMARY: The secondary trend of EUR/JPY is bullish on charts and price is trading above the trend line in its 30 min. chart. In 30 min. chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 125.00 and support at the level of...
Today's Chart: :EUR/JPY ( HOURLY ) The primary trend of EUR/JPY is bullish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining above 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 131.65 and support at the level of...
Hello Traders! We would like to present EurJpy forecast. (3-rd variant) Sell limit - 129.000, S/L - 130.500, T/P - 126.900 Best regards, Powerful Traders.
Hello! Definitely, there is the Global Downtrend! But to the end of this year, we have two variants. 1) Long - S/L131.000, T/P133.700-134.000 2) SHORT - Sell Limits near 134.500 - 135.000, S/L 137.140 (EWP rules), T/P 123.500 Please, if you want to enter the market, first of all, use the Market Profile, Volume, Cluster&Delta analysis, Depth of Market and...