For quite some days, the Euro-Japanese Yen has been solely consolidating within this range despite the further decline of other Euro Forex pair. That being said, this may be qualified to be an NR7 trade; it is also called as Narrow Range 7 day bar.
With the NR7-qualified trade, we can also see a possible formation of a triple-top-double-bottom... or a possible...
I have a longter term Short setup for the EURJPY but here we see a shorter term H&S pattern setup forming for anyone interested in a shorter, possible intraday trade. Wait for a break of the neckline before entering and a more conservative approach would be to wait for a pullback and re-test, however, from experience we know this does not always happen.
If you...
Buy above 124.35. Stop loss at 123.65. Take profit at 125.25.
Reason for the trading strategy (technically):
Price has reached our profit target from last week. We prepare to buy above 124.35 support (Fibonacci retracement, horizontal overlap support) for a push up to at least 125.25 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic...
This is an update for EUR/JPY, the pair is currently hovering around the trend line shown in the chart. we're predicting for PRICE BREAKOUT. We hope our signals could be of best use for you, so SELL on 123.796 and place your TARGET at 123.396
Crazy things happen!!!
I believe that successful trading strategies rely heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. Consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be a continuation or...
Hello,
The monthly chart of this pair was quite straightforward to analyse, for me there is no reason to doubt any long term uptrend(years).
Goodluck trading !
Hello folks,
Most people are seemingly bearish on this pair and I don't blame them, even my own analysis did show some mixed feelings
but the bias for bull is stronger. Its a medium probability trade with very good risk-rewards potential so I took the trade.
Target is price structure + blue medianline.
Cheers & goodluck
Monthly - we can see some reasonably bullish price action with the MA's converging to cross. Showing a longer term bullish direction
Weekly - It's the first time in around 12 months that the weekly price action has managed to close above 124.00. Price action is above the MA's; which are crossed to the upside.
Daily - We have had a morning star formation at...
We had a buy signal generated on FX:EURJPY supported by our technical analysis .
Incase of a pullback, we expect a retest of the daily support and a rally to top.
If price menage to break critical level 121,30 we expect uptrend correction and we expect price to go down.
*Fundamentals are still positive for euro, negative for jpy. Take care about that.
EUR/JPY might actually go up 100 more pips. The confirmation is still not clear and needs more time. However if it holds it's support then we can expect this move to happen.
That being said, wait for the confirmation and invest properly.
Happy trading!
Not a setup, but a downtrend continuation prediction is what I have in mind.
Price could follow the uptrendline, to continue up as Fibonacci tool predicts where it will lead to,
while 117.7 hit 61.8% & may be enough to continue downtrend with Traders Dynamic Index indication of reversal from an uptrend start.
Or price to move up according to its minor fibonacci...
