Revised, this could be a Bat pattern and possible reversal at trend line. It has been very strong today, so caution is warranted. Possible intraday gartley reversal hourly chart for EURJPY which could point back to the 132.500 level.
I haven't posted in a while on TV and I will keep it that way as I am to busy with coaching and analysis on my personal blog, however I will try to post a trade idea a week here too.
Today I am shorting EURJPY, even tough the EUR is pretty strong in todays EURO/UK trading session and even in the US session, I expect/believe (based on my analysis) that EURJPY is...
Eurjpy Make Down flag pattern ,,
if it break that downtrend flag pattern it going down
tp1 1.3200 and tp2 1.3100 sl above 133.50
Trade with care and happy trading
Asad ullah
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
We have a lot of EUR news due out tomorrow together with a speech from Mario Draghi, the President of the European Central Bank.
His comments alone will move the market and we are hoping for an alignment with the PMI data due out later on in the morning. This will give us a great trading opportunity on the EUR throughout the rest of the week.
We are planning a...
There is possibility to go SHORT from the price of 129.30 to the level of 128.00,125.30
TP should be considered 23.6%,38.2%, because of RISING WEDGE ....
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: Trade at your own risk.
Good Luck...!!
Regards,
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
After weeks of climbing it looks like EURJPY has reached the stop. If failed to break the resistance and after lots of sideways trading it failed to break it again. We can now expect a retest of 126.60. So EURJPY will follow the other JPY pairs.
Use the various mentioned support level as possible take profits. Try to add a long the way down more sell positions...
Our preference: sales position below 129.80 with targets at 128.55 & 127.95 in extension.
Alternative scenario: in excess of 129.80, aim for a continuation of the rise with 130.00 & 130.50 in line of sight.
Comment: The RSI is misdirected.
Sell below 125.13. Stop loss at 125.36. Take profit at 124.63.
Reason for the trading strategy (technically):
Price has shot all the way up and reached our profit target perfectly. We prepare to sell below 125.13 resistance (Fibonacci extension, Elliott wave theory) for a short term setback to at least 124.63 (Fibonacci retracement, horizontal pullback...
Hi,
Seildev here:
Area of interest:
- Daily chart resistance for all May/17 at 38.2% fib from high Dec/2014 to low Jun/2016
- Respected resistance from 25th/May/17
- Confluence 61.8% fib for short
- 124.45 to short
Safe Trading everyone.
