Hellooo My Dragon friends
i see EURJPY have downtrend trend line.
we make sell at the upper line, with SL 133.60 and TP at 130.25
and weekly sign give us two candle shooting star.
Lets See
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Weekly sign, last two candle is shooting star
EJ is currently at the top of a bearish pennant (Monthly/Weekly T.f) the pattern is also visible on the RSI on the Mly T.f
The next target is 126.800 .
the target after that is 117.740 .
We're currently at a fib level. If price is ever to pick up, it'll do so at this level. But i would wait for a break to the upside, then a restest and continuation before...
Helllooo...My Dragon Friends
i see EURJPY slightly uptrend, follow the trend.
trend will change, if break 129.40
Lets See
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Hellooo...My Dragon Friends
My EURJPY projection, i see HOLD this support and can going back up.
but its can break the strong support, still will going down.
Lets See
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Hellooo...My Dragon Friends
Last Week our trade already achieve the target buy,
for next week will make retracement down.
Lets See
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Hellooo...My Dragon Friends
my EURJPY Projection for Weekly, I hope it can help all my friends make decisions
Lets See
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Nearing strong support, need to wait for breakout confirmation of key support level to go short. Consider playing short term bounce to monthly resistance, still waiting for breakout confirmation similar to the wait on EUR/USD before going short
See this, even though I posted how eurjpy has a probability of going up next week I could also make a point through different analysis that it will head down next week, so it's clear that having a bias entering the market could be a problem. Expectation is OK, just like saying, "I think it's going to be a good day today," We won't know until the market tells us.
Eurjpy weekly review of our analysis ,,
Weight of evidence
1 : Monthly resistance area
2; Fibonacci area 61.8% area
3: Eliiot wave ,wave 3 bcz his 5 subwave close here and start wave 4 from here going down to 125 area and then going up
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Good luck
Buy above 118.70. Stop loss at 117.47. Take profit at 120.66.
Reason for the trading strategy (technically):
Price has bounced off nicely at 118.70 support (Fibonacci retracement, horizontal support, Fibonacci extension). We look to buy above this level to play a push up to at least 120.66 (Fibonacci retracement, horizontal pullback resistance).
Stochastic...
Sell below 121.09. Stop loss at 121.86. Take profit at 119.65.
Reason for the trading strategy (technically):
We remain bearish below 121.09 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down to 119.65 support (Fibonacci extension, horizontal support, recent swing low support).
Stochastic (34,5,3) has reacted off our 92% resistance...
Sell below 121.09. Stop loss at 121.86. Take profit at 119.65.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target perfectly. We now turn bearish below 121.09 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down to 119.65 support (Fibonacci extension, horizontal support, recent swing low...
Buy above 119.62. Stop loss at 118.63. Take profit at 121.08.
Reason for the trading strategy (technically):
Price held at our buying level perfectly yesterday. We remain bullish above 119.65 support (major horizontal support, Fibonacci retracement, EURUSD positive correlation) for a push up to 121.08 resistance (Fibonacci retracement, horizontal pullback...
