Good morning traders. As we spoke on our last analysis post. We entered a few positions first thing Monday morning and one of those positions was EURJPY. We've been chasing this pair for a while now and profited massively last week on it. We entered another position yesterday and profited a further +40 PIPS which was a big gain. We currently have one more position...
The Breakout Opportunities system has just bought EURJPY at 129.301. The system recommends entering this trade at any price between 129.17 and 129.444. The signal was issued because the EURJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.376, suggesting that the EURJPY may have further to rise. A stop loss has been set at the 24-hour...
Technical Analysis:
Starting by the higher time frame the price is trading within a bullish channel formation where it posted a correction toward a daily strong support @ 128.26 mark. On the lower time frame, the pair is traded within a bullish flag pattern which might lead to a lower correction to the 61.8% Fibonacci level. After that this, a move upward could...
💡 Trade Idea
📈 EUR/JPY | Buy Limit Order @ 128.79
🎯 Target Profit 129.45
🛑 Stop Loss 128.47
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The price is trading within a bullish flag formation where we expect the sellers to push the price toward the 61.8% Fibonacci retracement level @ 128.79 level. This might cause a...
OANDA:EURJPY
The current price is on its medium support on an uptrend movement.
Upside potential is promising for EURJPY to the nearest level at 129,5 before extended and test the next resistance at 131.XXX
The risk will be down to 127.XXX
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of...
Quite strong trend playing out, you can see it more clearly on the 4H timeframe. But, x/JPY pair trends can break easily as we have seen on GBP/JPY, so be cautious and set your stops.
This pair had a fantastic bull run without any major pullbacks, at some point the price will have to pull back significantly to shake some of the buyers out of the market.
I believe price will pullback from here into the lower timeframe order blocks to fill the liquidity zone void.
Sentiment suggests the market is selling EJ hard so we must be cautious.
Price is facing bullish pressure from 1st support level which is a horizontal swing low support, in line with 61.8% fibonacci retracement and 50% fibonacci extension level. Price might bounce up from 1st support to the 1st resistance which coincides with the 78.6% fibonacci retracement. If prices fall through 1st support and the ascending trendline support, it...
Prices are currently taking support on the 1st support which coincides with 50% Fibonacci extension as well as 61.8% Fibonacci retracement . Prices might bounce higher towards 1st resistance which coincides with swing high resistance and 61.8% Fibonacci extension level. If prices fall through first support, it is likely to reach the graphical swing low support...
Prices are currently taking support on the 1st support which coincides with 50% Fibonacci extension as well as 61.8% Fibonacci retracement. Prices might bounce higher towards 1st resistance which coincides with swing high resistance and 61.8% Fibonacci extension level. If prices fall through first support, it is likely to reach the graphical swing low support...
Confluences:
-Price retraced to the 78.6 fib level
-Price consolidated after the retracement a bit
-Price just broke out of the consolidation
-I will get in on the retest of the consolidation box
Feel free to tell me what you guys think!
This pair is in an uptrend creating higher highs and higher lows.
We have shown rejections at a key fib level, rejecting 50ma and also respecting our trend line drawn on. The more confluences the better!
On lower time frames we were in a downtrend creating lower lows and lower highs. A double bottom has been formed, we have broken our counter trendline and we...
Welcome to our weekly trade setup ( EURJPY )!
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1 HOUR
Bullish reaction and closure above main sr level.
4 HOUR
Expecting another upside push.
DAILY
Overall bullish market in a pullback, good long entries!
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FOREX SWING
BUY EURJPY
ENTRY LEVEL @ 128.500
SL @ 127.640
TP @ 129.690
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different...
Hey Hey Hey,
So this morning is not good for us, we've just lost 5.1 pips (I traded using pipettes, so it 51 for me).
But it's okay, I have found another opportunity for us in EURJPY !
Here's the setup!
Entry at: 128.418
Stop Loss at: 128.350
Take Profit at: 128.588
With this setup, we are risking 68 pips to be rewarded with 170 pips!
All the best,...
💡 Trade Idea
📈 EUR/JPY | Buy Limit @ 128.26
🎯 Target Profit 129.14
🛑 Stop Loss 127.83
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The price is ranging inside a bullish channel where it made a correction count to the bottom of this pattern. We have a confluence area between the daily support, the 61.8% Fibonacci...
