Hi Guys !
On the technical side, the EURJPY is setting up for a nice reversal to the downside. Based on that keep your eyes on 5min-15h timeframe for your sell setups. Try to catch your trade as high as it possible.
There is huge profit to be made (if this pair follows the script) and the trade has a nice reward – risk ratio.
Any strong break to the upside will...
Looking to trade a breakout on this falling channel.
5th wave almost complete expect a breakout to red resistance line then a pullback and a further breakout to follow to the upside.
Tp 1 is first target green line
I cannot resist this sweet plain vanilla technical set up on the monthly timeframe. A bullish flag has formed and I am licking my chops! The reason is because if price breaks out of this formation then we might get some momentum to the topside. Taking the measurement from the length of the pole the reward could potentially be massive, though it may take a...
I believe the trend has reversed and we are now bullish but have hit a resistance point and should retrace where buyers may take a long position again. I have identified 2 places where you may wish to do a buy either at leg B OR you can decide to wait for market to go lower before buying in again at leg D.
My labelled zones are only a rough idea of where i think...
Hi traders,
EURJPY made a five-wave drop from the highs, which we labelled as wave 1 as part of a new bearish cycle so more weakness will occur, but only after a pullback into wave 2 fully shows up. This pullback can unfold a simple A)-B)-C) correction, which can look for resistance and a bearish reversal near the 129.23/130.27 area. That said, a drop in minor...
The Trend Follower Strategy has just sold GBPJPY at 146.813. The system recommends entering this trade at any price between 146.524 and 147.102. The signal was issued because our Speculative Sentiment Index is extremely negative, with a value of 1.573. This suggests that the GBPJPY could be trending downwards.The 14-period Average True Range on a daily chart is...
