Hi Traders
EUR/JPY Signal (H4 Timeframe)
A medium to high probability, entry to go LONG is forming @ 128.443 after the market found support @ 127.300. Only the downward break of 127.300 would cancel this bullish scenario.
Trade details:
Entry: 128.443
Stop loss: 127.300
Take profit 1: 129.117
Take profit 2: 130.260
Take profit 3: 132.123
Score: 9
Strategy:...
EURJPY BEARISH BAT PATTERN
Market Sell Order Set Up.
Sell Entry: (127.206)
Min Take-Profit: (126.410)
Max Take-Profit: (125.907)
Stop-Loss: (125.150)
Max Risk-Reward: (1.38)
Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
Watch this one if you trade EJ...I haven't been paying attention to YEN pairs...but this might give you some coins...
Good luck,
FIBZ
Student of the best retailers in the world
EURJPY BEARISH MAX BAT PATTERN
Market Sell Order Set Up.
Sell Entry: (126.316)
Min Take-Profit: (125.920)
Max Take-Profit: (125.667)
Stop-Loss: (126.600)
Max Risk-Reward: (2.29)
Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
Since my last publication on this pair (see link below), it appears the Resistance level @ Y126.620 is not holding as price finally breaks out of this level last week to find a new Support level (Demand zone).
Despite Europe having a lead over Japan when it comes to vaccination; The unfolding Covid-19 situation and other global events might have its toll on this...
EURJPY right now is in a interesting area. It has reach the top area in daily TF that got touched at 1st September high (daily inflection point). Whats more interesting is the price got rejected impulsively as soon as it touched the area.
In lower TF,now the price is looking like forming a possibly bearish flag structure. If this this corrective structure...
Hello Traders, Avramis Swing has suggested a possible Bull Trap forming on EUR/JPY H4 Chart @125.774. The Fibonacci levels outline potential targets, with an invalidation level at around 126.729. Let us know your thoughts in the comment section below. We will execute this trade once all our rules are aligned. We suggest keeping this pair on your watchlist.
Trade...
This is coming off of a major Double/Triple Top on the daily with not much under it.
Right now probably an equivalent trade (in magnitude) with the AUDJPY short but probably a faster drop.
One can use <25 pip stops here until it fully breaks down - which shouldn't be long.
Here is the Daily
I believe the overall trend for this pair is bullish bias, however there will be be a moderate retracement to and below the 124 handle. I'll keep it short on this post and let the audience do some digging on my chartwork to see if it makes sense. I based this chartwork solely off pure market movement and left out indicators. Please feel free to ask me any questions.
