Major Pattern: Big Bear Flag Correction Phase
Minor Pattern: Descending Channel with a Ascending Channel
In the most recent pattern we are looking for a 3rd touch of the Ascending Channel for a potential Sell setup
EURJPY is working up to the even 124.00 even level. At that level, a .382 retracement from Jan. 18 high, and a recent 1.618 ext., and at a resistance level. Potential shorting opportunity.
The EUR has started seeing some growth after falling many weeks into years. The most relevant trade zone now rely on 130.614 Resistance and 120.188 Support.
We have taken a Long position at 120.188 and targeting 130.618 Long term. In the coming weeks we hope to find some significant amount of growth in the EUR.
I introduce you to Quint
A strategy I put...
En diario, se ve la formación de un fractal alcista, el cual está en su proceso de retroceso. Por tal motivo, se especula que pueda llegar a precios de 119.63 o antes, según los techos y pisos anteriores y las confluencias con el Fiboanacci trazados desde el último fractal formado. En temporalidades mensuales nos encontramos en tendencia alcista, por lo cual no es...
The Euro vs. the Japanese Yen. The Yen is a historically low-yielding currency, influencing traders to borrow cheaply in JPY to purchase higher-yielding currencies, including EUR. Because of this the pair is sensitive to broad-based market sentiment trend swings. Volatility may be found in news related to the Eurozone debt crisis and from the Bank of Japan’s anti-deflation policy efforts introduced in 2013.
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