Price has formed a head and shoulder pattern. We are waiting for price to break the neckline / support zone and a retest for potential sell entries
education follow signal accordingly
Price currently nearing top in a downwards channel, as well as retesting a strong zone. I believe we will see a move down.
Price is showing potential to respect current resistance and move bearish.. Entry,stop loss and take profit have been marked..
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EURJPY expected to rise up to 1st resistance at 115.900 where it could potentially react off and drop down to 1st support at 115.280. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURJPY Sells. Yen pairs have fallen below supports, look like further sells are coming!
Getting in at 116.204 short, going to see if I can get a move down off of the immediate resistance area.
I want to see if it will pull back down to buy. However it might just keep going up because it could be a flag. either way its going up. lets see
Nearing strong support, need to wait for breakout confirmation of key support level to go short. Consider playing short term bounce to monthly resistance, still waiting for breakout confirmation similar to the wait on EUR/USD before going short
EURJPY is showing a potentially great setup. Price still has some bearish momentum before it finds some support and the marked grey line. From this zone we should potentially expect a pullback, maybe sharp or flat correction. Should price move to our marked entry point, there is potential for our set up to move bearish to our take profit zone. Stop loss level...
EURJPY I’m not liking how this is looking. A bit to choppy for my liking. EURJPY is floating around support it will be key to wait and see if support is going to hold or if we are going to roll over to the downside. Seeing a clean rejection off the 78.6 fib right now. Staying on the sidelines for now.
Japanese Yen has been showing us it's power this week and it looks like big players are accumulating volume before they can break this strong Level and the price will drop again heavily.
Broken trend line, expecting levels below 115.00
The rise from 116 is not convincing at all and EurJpy encounters strong resistance and sellers just above 119. The pair looks like is preparing for a drop and 116 could be the target. Looking to sell this pair
hey guys, there is a selling opportunity in EURJPY. Based on Minor structure label.... and Trend line breakout strategy And there are 2 entry points. how much risk you can tolerate in this trade, that's your decision. And there is also the 3 TP area you can use....... and that depends on how much do you want.... Good luck everyone...