Hellooo...My Dragon Friends
My EURJPY projection, i see HOLD this support and can going back up.
but its can break the strong support, still will going down.
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Market has pushed back from resistance level.
In daily timeframe market is repeating history.
Looking forwad that pair will form Heada&Shoulder pattern.
At the same spot i am seeing descending channel and currently market has pulled back into it from resistance.
So all things supporting strong sell. Don't miss opportunity.
Hellooo...My Dragon Friends
Last Week our trade already achieve the target buy,
for next week will make retracement down.
eur jpy broke the strong zone and went all the way down to 1.28000
now market is at broken structure to retest
look for bearish confirmation on lower time frames and enter short with your own money management
always remember that patience and discipline are the key to become profitable is Forex trading
Since the beginning of June, EurJpy has started to drop, putting in lower highs and lower lows on our daily chart.
At this moment the pair is consolidating in a symmetrical triangle and we can expect continuation.
127 could be a good target for swing traders and only sustained buying pressure above 130.50 would put a pause to this scenario.
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We expect to buy this pair EURJPY because of a strong bullish pressure existing in the market currently. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely.
1) Top-down analysis
Monthly - Previous monthly closure, Potential Inside bar and does not fill the wick of previous candlestick
Weekly - Previous weekly candle closure, closed with doji candlestick and Closed inside the range inside of the previous candlestick
Daily - Two candlestick rejection on 130.500 (Major psychological level)
The bias is still upside...
good buy stop opportunity at EURJPY if can break the flag. I think above green rectangle on the chart is good area for entry signal, So, the rectangle is trigger zone. If it goes above rectangle, its entry signal for me.
This is a EURJPY 15 min ANALYSIS . As you can see from the chart we expect the red upper line to act as our resistance zone and the lower white line to act as our support zone. The price has reached a strong demand or support zone and we expect it to behave usual getting rejected not less than twice and the continue to grow fro this key zone. We put our stop loss...
This is my view on #EURJPY for the next days
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake...