Sell below 130.04. Stop loss at 130.72. Take profit at 129.13. Reason for the trading strategy (technically): Price has shot up and reached our profit target really nicely. We prepare to sell below major resistance at 130.04 (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 129.13 support (Fibonacci retracement, Fibonacci...
Buy above 129.13. Stop loss at 128.46. Take profit at 130.04. Reason for the trading strategy (technically): Price is approaching major support at 129.13 (Fibonacci retracement, horizontal overlap support) and we expect to see a bounce above this level to push price up to at least 130.04 resistance (Fibonacci retracement, horizontal overlap...
Sell below 130.87. Stop loss at 131.41. Take profit at 130.04. Reason for the trading strategy (technically): Price has dropped perfectly to our profit target. We remain bearish below 130.87 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and we expect a strong reaction from this level to push price down to 130.04 support...
Buy above 130.42. Stop loss at 129.95. Take profit at 131.41. Reason for the trading strategy (technically): Price has broken above our major resistance at 130.42 (Fibonacci retracement, horizontal resistance-turned-support) and we turn bullish looking to buy on dips above this level for a push up to at least 131.41 resistance (Fibonacci extension, horizontal...
Sell below 129.40. Stop loss at 129.86. Take profit at 127.56. Reason for the trading strategy (technically): Price continues to rise and we’re now seeing major resistance at 129.40 (Fibonacci retracement, horizontal pullback resistance, fibonacci extension) where we expect a strong reaction from to fuel the drop to at least 127.56 support (Fibonacci extension,...
Good evening traders, There is a bearish Bat pattern forming on the EURJPY up at the 1.30100 level that we will be looking to enter only if the moon (price) and the stars (Mario Draghi, Jackson Hole) align. We're hoping for a return of more volatile markets, and Jackson Hole could well be the catalyst. Have a plan and trade it. All the best, Mase.
Sell below 128.97. Stop loss at 129.54. Take profit at 127.56 and 127.04. Reason for the trading strategy (technically): Price has reacted off our selling area perfectly. We remain bearish below major level of resistance at 128.97 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and we expect to see a strong reaction off this level for...
Sell below 128.97. Stop loss at 129.54. Take profit at 127.56 and 127.04. Reason for the trading strategy (technically): Price has reacted off our selling area perfectly. We remain bearish below major level of resistance at 128.97 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and we expect to see a strong reaction off this level for...
We have a lot of EUR news due out tomorrow together with a speech from Mario Draghi, the President of the European Central Bank. His comments alone will move the market and we are hoping for an alignment with the PMI data due out later on in the morning. This will give us a great trading opportunity on the EUR throughout the rest of the week. We are planning a...
Sell below 128.95. Stop loss at 129.54. Take profit at 127.56 and 127.04. Reason for the trading strategy (technically): Price is approaching a major level of resistance at 128.95 (Fibonacci retracement, horizontal pullback resistance, Fibonacci extension) and we expect to see a strong reaction off this level for a push down to first 127.56 support (Fibonacci...
Looking for sell, either at top of the channel or below resistance if it hold.
Hi Guys, As eurjpy completes correction, it's time for one more up, there is already an impulse on 1H, look to enter from there, it's good setup, that 5th impulse will be pretty good.I'm going to enter from there on monday. Good luck will update as soon it make progress.
Sell below 130.07. Stop loss at 130.42. Take profit at 128.92. Reason for the trading strategy (technically): Price continued its drop yesterday and has reached our profit target perfectly. We prepare to buy above major support at 130.07 (Fibonacci extension, horizontal swing low support) for a bounce up to at least 130.07 resistance (Fibonacci retracement,...
Sell below 130.07. Stop loss at 130.42. Take profit at 128.92. Reason for the trading strategy (technically): Price reversed nicely yesterday and is dropping nicely. We prepare to sell below resistance at 130.07 (Fibonacci retracement, horizontal overlap resistance, bearish price action, bearish divergence) for a push down to at least 128.92 support (Fibonacci...
eurjpy is holding a critical support here..once it breaks we have a lot of downside potential on this one. selling at 129.50 with a target of 128
Sell below 130.07. Stop loss at 130.35. Take profit at 128.92. Reason for the trading strategy (technically): Price is approaching major resistance at 130.07 (Fibonacci retracement, Fibonacci extension, bearish divergence) and we expect to see a strong reaction off this level for a drop to at least 128.92 support (Fibonacci retracement, horizontal swing low...
Daily outlook - EUR/JPY climbs to 129.46 An early hours of Monday’s trading session revealed that the EUR/JPY currency pair has successfully used an upside moment that was created by a release of data on the US CPI last Friday to surge not only to the 129.46 level, but climb even a little bit higher. In theory, the pair has a chance to gain a foothold at...