EURJPY market structure remains Bullish and price is above the 100H EMA. So, a continuation of the uptrend is expected. I would be looking to buy the dips near 124.30-124.65 with SL below 124 and TP at 126. Watch the area that I have highlighted in my chart. Buying here carries the lowest risk because your TP would be big and the SL would be small. Watch...
Pair name - EURJPY Action - SELL/SHORT ENTRY - 124.60 TP - 123.93 SL - 125.90 TRADE STATUS - OPEN
Looking for this Daily Pullback to support.
The overall trend is bullish. But right now the price is in the state of uncertanty. There are chances that we can see a pull back to the downside as the the price cannot break the upper trendline. So we should act as usual depending on the price action at the moment. Don't forget about risk management and always leave space for little mistakes. Remember...
Price is currently bearish overall so I am only looking for sells. Price has made a double bottom and created a support level. I am going to wait and see what price does because there wasnt a lower low made yet and I do not want to enter a sell at just anywhere. There are three ways I am looking to enter a trade: 1. Price closes below the support showing bearish...
we can see another reversal downside movemnt, keep watch correction and sell. ThankyOu
Hello traders, in my previous EURJPY idea, I mentioned about selling EURJPY at 124.10 at the resistance area( idea attached below). That trade generated more than 140 pips profit. However, I believe the downtrend is not over yet. There's a good chance that EURJPY will drop to the 122 level. So, look at the lower time frame for bearish price action and sell with...
EURJPY has a clear double top pattern as we can see more clearly in the daily timeframe which I circled in my chart. We saw a nice rejection off the top level starting to form a possible bearish downturn. Interestingly, as price level falls, we saw a nice bullish retracement to the 123.60 price level resistance level and if we were to use fibonacci retracement for...
EURJPY bounced off 123.110 where it could potentially rise further to 124.744. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EUR/JPY rallied strongly and reached the resistance level. However, there could be a reversal here and a subsequent drop to 122. Watch for bearish price action and then sell with 122 as TP. The sell set-up will be invalid is EURJPY closes above resistance.
Afternoon Traders, We have clear uptrend momentum, Id be very interested in seeing how price action responds to the last quarterly highs, (dark blue ray line) At the moment price action is clearly indicating to me further moves to the upside, signified by the large buying that is coming in every time price action tries to push lower, I've highlighted my area of...
Looking for some bulls to take the start of the week on this fine pair.
I believe price is about to reverse off this level, we are just waiting for price action to confirm the change Price is being rejected from this level but we wont enter until its confirmed
EURJPY bounced off 122.542 where it could potentially rise further to 123.345. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Afternoon Trader, I will be honest and say this IS NOT a trade I managed to take, I simply just missed it. Ill talk you through my thoughts on why I would potentially take this as a trade, we had multi bullish candle closes from the 121.917 level all the way up to the highs of 122.501 level with a swift sell off, initially I was not interested as price action...
The pair did a long accumulation in the form of an inverted head and shoulder pattern. It finally broke out and has been consolidating in an ascending triangle (continuation) pattern since then. Hence, we expect the pair to have a strong bull run when it breaks the resistance level of 122.5.
EURJPY reversed off its resistance at 122.098 where it could potentially drop further to 121.041. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.