Sell below 133.55. Stop loss at 133.96. Take profit at 131.90.
Reason for the trading strategy (technically):
Price is forming a very strong reversal pattern and we remain bearish below major resistance at 133.55 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance, Elliott wave theory) and we expect to see a strong drop from this level...
Sell below 133.29. Stop loss at 133.96. Take profit at 131.90.
Reason for the trading strategy (technically):
Price has shot up from our buying area and reached our profit target perfectly. We prepare to sell on major resistance at 133.29 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a push back down to at least 131.90 support...
Buy above 131.90. Stop loss at 131.12. Take profit at 133.42.
Reason for the trading strategy (technically):
Price continues to test our major support level. We remain bullish looking to buy above major support at 131.90 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a bounce up to at least 133.42 resistance (Fibonacci retracement,...
Buy above 131.90. Stop loss at 131.12. Take profit at 133.42.
Reason for the trading strategy (technically):
Price has dropped strongly to our buying area. We look to buy above major support at 131.90 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a bounce up to at least 133.42 resistance (Fibonacci retracement, Fibonacci extension,...
Buy above 131.90. Stop loss at 131.12. Take profit at 133.42.
Reason for the trading strategy (technically):
Price dropped strongly from our selling area and has reached our profit target. We prepare to buy above major support at 131.90 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a bounce up to at least 133.42 resistance...
Sell below 133.41. Stop loss at 134.30. Take profit at 131.96.
Reason for the trading strategy (technically):
Price has shot up and is reaching our profit target. We look to close off our position and start selling because of the changing elements. The goal is to sell below 133.41 resistance (Fibonacci retracement, horizontal pullback resistance) for a push down...
Buy above 132.01. Stop loss at 130.45. Take profit at 134.15.
Reason for the trading strategy (technically):
Price continues to test our buying area. We remain bullish above major support at 132.01 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and we expect to see a nice bounce above this level to push price up to at least 134.15...
That intersection at 128.40 will be my target should we get a favorable short setup.
Keep in mind that non-farm payroll is out in just a few minutes at 8:30 am EST. As such, I’m going to wait for the dust to settle following the event before considering an entry.
I also want to wait until next week. Taking a position on a Friday carries more risk due to the...
Buy above 132.01. Stop loss at 130.45. Take profit at 134.15.
Reason for the trading strategy (technically):
Price has finally dropped to our buying area. We remain bullish above major support at 132.01 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and we expect to see a nice bounce above this level to push price up to at least 134.15...
Buy above 132.01. Stop loss at 130.45. Take profit at 134.15.
Reason for the trading strategy (technically):
Price has been in a triangle formation waiting for a bullish break out. We remain bullish above major support at 132.01 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and we expect to see a nice bounce above this level to push...
Buy above 132.01. Stop loss at 130.45. Take profit at 134.15.
Reason for the trading strategy (technically):
Price is approaching major support at 132.01 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and we expect to see a nice bounce above this level to push price up to at least 134.15 resistance (Fibonacci extension, horizontal swing...
Buy above 132.01. Stop loss at 130.45. Take profit at 134.15.
Reason for the trading strategy (technically):
Price is approaching major support at 132.01 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and we expect to see a nice bounce above this level to push price up to at least 134.15 resistance (Fibonacci extension, horizontal swing...
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
