It follows my other view of the chart with shoulder head pattern, but more simple way. In june, after a long down trend started in 2014, we finally hit the major resistance / Support of 2012after and then we had a range for last 2 month which it may imply the start of a uptrend. As you can see we also approach the long down trend resistance line (Orange). We can...
Price dropped perfectly as expected and reached our profit target. We turn bullish above 114.11 major support (Fibonacci retracement, Fibonacci projection, horizontal support) for a push up to 116.19. RSI (34) is on support Stochastics (21,5,3) is also on support signalling a bounce is impending.
Here we go with a long and a possible short
Eurjpy holding Strong support on daily chart around 114 and it can go up till 115.5 Buy Eurjpy in range 114.55-114.2 SL below 113.9 TP 115.5
Regressive behaviour will not last forever. My long term view, manage a potential 2000 pips ? Monitor this pair closely
Hi Guys, We have simple 5-wave count & flag breakout setup in EURJPY to hop on further upside movement. In the waves counted above wave (4) & (5) are drawn on assumption. If Eurjpy alters its path,we may need to re-count the waves. Anyway look for flag breakout whichever side its & enter with proper stops. Note : Though current candle is breaking out, ensure the...
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.
if the RSI is under sold at 111.00 will be good opportunity for a long position.
EURJPY is forming this harmonic pattern . Enter the Trade From the blue Zone . P.S : Your Likes will motivate me to coninue the work on trading view Thanks
Here's what we think. We expect a modest pullback followed by a bullish continuation. Buy Lows.