Buy above 129.96. Stop loss at 129.50. Take profit at 130.78. Reason for the trading strategy (technically): Price has dropped perfectly and reached our profit target for the 4th time in a row. We prepare to buy above major support at 129.96 (Fibonacci retracement, horizontal overlap support, bullish price action) for a push up to at least 130.78 resistance...
After weeks of climbing it looks like EURJPY has reached the stop. If failed to break the resistance and after lots of sideways trading it failed to break it again. We can now expect a retest of 126.60. So EURJPY will follow the other JPY pairs. Use the various mentioned support level as possible take profits. Try to add a long the way down more sell positions...
Sell below 130.78. Stop loss at 131.08. Take profit at 129.96. Reason for the trading strategy (technically): Price has bounced above our buying entry and is fast approaching our profit target once again. We prepare to sell below major resistance at 130.78 (Fibonacci extension, horizontal swing high resistance) for a drop towards 129.96 support (Fibonacci...
Buy above 129.56. Stop loss at 129.20. Take profit at 130.78. Reason for the trading strategy (technically): Price has bounced off our buying area perfectly and has reached our profit target. We prepare to buy above 129.56 support once again (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to at least 130.78 resistance...
Buy above 129.54. Stop loss at 129.20. Take profit at 130.50. Reason for the trading strategy (technically): Price has dropped from our selling area perfectly and reached our profit target. We prepare to buy above major support at 129.54 (Fibonacci retracement horizontal overlap support, Fibonacci extension) for a push up to at least 130.50 resistance (Fibonacci...
Sell below 130.50. Stop loss at 130.81. Take profit at 129.61. Reason for the trading strategy (technically): Price is reacting off major resistance at 130.50 (Fibonacci extension, horizontal swing high resistance, bearish pride action) and we expect to see a reaction off this level for a drop towards 129.61 support (Fibonacci retracement, horizontal pullback...
I know its ECB day but with the short EUR trade the RR is so fantastic today that it definitely makes sense to trade this one. Shorting EURJPY here @ 129.12 Stop at 129.52 Targeting 127 Let the games begin . I will be sitting with trigger ready and might pull it off early if we get a decent exit during the statement or the presser.
Hi Everyone! Not much to say. Possible ABC corrective structure about to end up and perform a 2000 pip impulse. - Hola a todos! No mucho que decir. Posible corrección ABC que está a punto de darnos un impulso de 2000 pips. Carlos
Hi Seildev here: EUR/JPY Long - 127.00 Key area of interest - 125.8 2nd level of support - 123.92 3rd level of support If entered at 127.00 tp @ 129.85 If entered at 125.8 tp @ 128.488 Safe trading
EURJPY Chart Confluence factors : 1: pattern : Symmetrical Triangle Patterns(Continues Pattern) 2: Bearish bias 3 : wait for proper breakout 4: timeframe 240min 5:Possibility 60 to 85 % 6: Sell signal : Entry : 123.75-50 TP : 122.55 , 121.55 , 120.55 Stop Loss : 124.65
Our preference: position bought above 127.00 with targets at 128.25 & 129.05 in extension. Alternative scenario: in break of 127,00, a continuation of the decrease will be envisageable with 126,35 & 125,65 in line of sight. Comment: a support base on the 127.00 formed and allowed temporary stabilization.
Sell below 125.13. Stop loss at 125.36. Take profit at 124.63. Reason for the trading strategy (technically): Price has shot all the way up and reached our profit target perfectly. We prepare to sell below 125.13 resistance (Fibonacci extension, Elliott wave theory) for a short term setback to at least 124.63 (Fibonacci retracement, horizontal pullback...
Buy above 123.78. Stop loss at 123.15. Take profit at 125.32. Reason for the trading strategy (technically): Price is approaching major support at 123.78 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and we expect to see a bounce above this level for a rise to at least 125.32 resistance (Fibonacci extension, horizontal swing high...
Hi, Seildev here: Area of interest: - Daily chart resistance for all May/17 at 38.2% fib from high Dec/2014 to low Jun/2016 - Respected resistance from 25th/May/17 - Confluence 61.8% fib for short - 124.45 to short Safe Trading everyone.
Area of interest: - Daily chart resistance for all May/17 at 38.2% fib from high Dec/2014 to low Jun/2016 - Respected resistance from 25th/May/17 - Confluence 61.8% fib for short - 124.45 to short
EUR/JPY has lost it's bullish trend and may breakout it's support 200 pips+ down. This is a great setup and could be a long term bearish reversal entry. Always invest after your own analysis as well as money manage properly. Happy trading!