From a broader perspective, it seems like Eurjpy is still in a bullish trend. When we draw the Fibo Retracement for the last swing, the price has responded positively to the SND area in Fibo 0.5 and has reached Fibo 0.382. Currently, the price has successfully penetrated the trendline and formed a bullish pattern, which indicates that the price is likely to...
EURJPY last week was seen at the start of bearish, it has not been proven that there is a big bearish trend, this bearish possibility is just a correction. you can take a chance with the boundaries of wave B in the QM area. use the right money management to trade in this pair.
EURJPY ANALYSIS is in line with last week's analysis. I saw an FTR where the price did not reach the SND area and was bullish again. Usually, when things like this happen, the SND area that should be achieved will still be responded positively and maybe the price will fall deeper.
If you look at the market structure that occurs in Wave B, the possibility that happens is the correction of A-B-C-D-E and the possibility in the next few days consolidated before reversal occurred.
I am of the opinion that the bullish trend has been broken, because the price has fallen more than 2 Snd and sees the next price structure is the correction structure,...
Hello, EJ rejected the minor trendline and formed a bearish candle showing that the bears had taken control. So in the opening of the Asian session i want to see it move downwards either reject that downward minor trendline and move up or break through with strong bearish momentum , if it rejects it like in the past then i want to see it move upwards as basing on...
Strong support and price failing to create new Highs. It keeps on falling down. If the yellow zone break, I will Sell until the next demand zone (just follow the red arrow).
Thank and TAYOR!
KHALID HAMID
Buy above 118.70. Stop loss at 117.47. Take profit at 120.66.
Reason for the trading strategy (technically):
Price has bounced off nicely at 118.70 support (Fibonacci retracement, horizontal support, Fibonacci extension). We look to buy above this level to play a push up to at least 120.66 (Fibonacci retracement, horizontal pullback resistance).
Stochastic...
Sell below 121.09. Stop loss at 121.86. Take profit at 119.65.
Reason for the trading strategy (technically):
We remain bearish below 121.09 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down to 119.65 support (Fibonacci extension, horizontal support, recent swing low support).
Stochastic (34,5,3) has reacted off our 92% resistance...
Sell below 121.09. Stop loss at 121.86. Take profit at 119.65.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target perfectly. We now turn bearish below 121.09 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down to 119.65 support (Fibonacci extension, horizontal support, recent swing low...
Buy above 119.62. Stop loss at 118.63. Take profit at 121.08.
Reason for the trading strategy (technically):
Price held at our buying level perfectly yesterday. We remain bullish above 119.65 support (major horizontal support, Fibonacci retracement, EURUSD positive correlation) for a push up to 121.08 resistance (Fibonacci retracement, horizontal pullback...
