Hello traders, EUR/JPY is trading at 130.47. The Pair is trading in resistance and support wedges in a sideways trend. As the price is moving towards its resistance level it can rebound back to its support level. If the price breaks the entry price at 130.37, then it can touch its support level at 130.19 and if price breaks the support level then it can touch its...
EUR/JPY touched its pervious support along with 0.618 fibonacci pull back this conclusion can be drawn that it is the best time to SELL EUR/JPY!!!
Moreover, fear of lockdown is another reason why to short EUR!!!
Hello to all,
EJ is moving down and we can catch a scalping opportunity from it. I think short EJ from 126.14 and target 125.80
My stop is any candle close above the trend.
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EURJPY has reached the trend line where it has been following for more than 10 years, and we expect a drop to the 121,800 area. If we have a daily close above 127,000 we can expect it to follow its path and close the W formed in the last 2 years.
Currently, EUR/JPY is trading at 124.66. The pair may start a new down trend if it breaks the support level at 124.10. Previously, the pair was making higher high lower low pattern in the resistance and support wedges. If the pair starts a new down trend after breaking the support level, then its first target price will be at 122.65 and the second target price...
Price broke an ascending trendline and created a lower low in 4h timeframe. After the correction/exhaustion when it creates a lower high i will look for shorts. Last Higher low and current push's fibonacci zone is matching so i will wait for market to react to this area (golden zone). After the 4h rejection wicks i will go down to smaller timeframes to look for a...
Currently, EUR/JPY is trading at 119.58. The pair started a new down trend on 8th June and after giving the exit signal on regression trend by breaking the support level, it consolidated between the resistance and support levels. After breaking the support level and neck line at 120.68, the pair continued the down trend, its first target price for the down trend...
Looks like we are in Wave 2 of Green Wave 3 so I expect a correction to the previous Wave iv of Green Wave 1.
Once This Green Wave 2 correction is complete we should see a steep decline in a 3rd of a 3rd wave.
I will post an update once we see that pull back get closer to 119.032.
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