EUR/JPY ( 30 MIN. ) SUMMARY: The secondary trend of EUR/JPY is bullish on charts and price is trading above the trend line in its 30 min. chart. In 30 min. chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 125.00 and support at the level of...
If the pair pulls back to either the 125 or 127 area there could be a potential opportunity for a short. Reasons to short - Trend is bearish Returning to major SR levels (blue lines) The 127 area (yellow box) would be preferable as the last time it was in this area there was a strong sell off, and this is the first time returning to this area. You can see this...
It appears that price action is wanting to break the resistance level that previously acted as smaller channel in a descending wedge. If we see a confirmation we are taking a short position to the 120.7 area. If it confirms a bounce we are taking a long position and riding it back up to the 129 ish level. Always practice proper risk management, if you don't know...
EURJPY price action below the kumo, impulsive moves followed by corrective moves, and ichimoku kinko hiyo wave theory suggest the bearish N wave will continue downward. Lets see if the B-C corrective leg continues higher before the next impulsive C-D leg finishes the N wave.
FX:EURJPY SHARK: Point B: 61.8% XA Point C: 113% to 161% AB Point D: 161% to 224% BC 88.6% to 113% XC Target: 38.2% to 100% CD CYPHER: Point B: 38.2% to 61.8% XA Point C: 127% to 141% ext XA Point D: 78.6% XC Target: TP1 38.2% CD TP2 61.8% CD Safe Trades; open.spotify.com
Looking to short EURJPY around the 129.00 even handle. Market is Bearish, so I'm looking to sell the rallies. Entry - I look to short somewhere between the 61.8% and 78.6% Fib Retracement. I move down a Time Frame and look for a Reversal Pattern via Candlesticks. Right now we have an ABCD Pattern completing in that area. I'll be looking for other things such as:...
Today's Chart: :EUR/JPY ( HOURLY ) The primary trend of EUR/JPY is bullish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining above 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 131.65 and support at the level of...
Earlier in the week we looked at a short opportunity on the EURJPY. After a period of sideways movement the market have finally moved in our direction and is slowly inching towards targets. More importantly stops have now been rolled from an area that offered 100 pips of Risk, to the new worst case scenario being 85 pips of profits. (GREAT FEELING WHEN YOU KNOW...
Entry: 131.73 SL: 132.50 TP: 129.5 Double top on 1Hr chart, with a descending triangle formation on the daily chart. Entered short position.
On the EUR. JPY Daily chart we have a potential short opportunity at the D leg completion of a Cypher Pattern The price reversal zone on this pair is large as we are looking at a daily chart. PRZ - 134.622 & 136.672 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the daily Cypher...
For those looking to get short the EURJPY we have a potential double top and/or 2618 opportunity setting up. Looking left, price action has made its way back into a previous level of consolidation where the bulls were rejected and are now looking to test for a second time. The two trading opportunities that exist at this level are a double top sell at the candle...
A Bearish Cypher pattern is building up on the EUR-JPY on the 30 min timeframe. Cypher completion and entry zone between 128,465 and 128,500. There is also a little bit of resistance found at this price. Stoploss should be around 20 pips above X. ( 128.950 )
EURJPY weekly chart is in a clear corrective structure. While the correction does not necessarily need to have an ABC pattern, the way this chart has formed so far, I am rooting for another push down to the fib zone marked in horizontal lines. Please do suggest if you have a different view on this.
3tap completion and hitting a strong res lvl. Maybe a good short for a swing.
EURJPY 4H triangle short. There is nothing much to describe as the set up speaks for itself. Except that there could be spikes either way as Yen news is expected soon. Although I expect an impulse move to the downside all eur pairs seems to be in Daily/weekly correction.