Symbol: EUR.JPY - Euro / Japanese Yen
Timeframe: Daily, 4-hour, and 1-hour
Predicted Direction: Long
EUR.JPY - Euro / Japanese Yen updates will be available in the comments section below as price-action develops.
Bullish structure
for long buy we have to wait breakup the Wedge and
close out of it to get a trade from 122.800 - 122.960
or we can long buy form 122.200 - 122.00
TP1 : 123.880
TP2 : 125.000
SL : 121.940
This is not an investment recommendation or any call to buy or sell
It is just an analysis based on a study of the history of...
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
EURJPY is on a possible end D of a harmonic , which is also a possible fibo 618 position.
Just check the red zone where prices retest it so many times on the left.
Its got lots of reasons for buyers.
But still ,we are waiting for a confirmed signal to open the long trade on daily chart' new swing.
LESS IS MORE!
To help better understand how to use Fibonacci Spirals when trading, I have decided to dedicate a topic about them. My quest here, is to consistently generate predictions using Fibonacci Spirals. I have only recently started to see a pattern and once I found it, I could somewhat consistently reproduce the same results, that is... visually. I could not however...
we can long now from 123.200
TP1 : 124.200
TP2 : 124.900
TP3 : 126.000
stop lose : 122.680
This is not an investment recommendation or any call to buy or sell
It is just an analysis based on a study of the history of price action
Behavior , that may not be a necessarily reason for the success of
the structure or repetition. So please make your decision...
JPY index is approaching its resistance at 0.147(61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 0.145(61.8% Fibonacci extension ,38.2% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance where a corresponding...
A unified gartley is completed. It is seen by prex(12) and atr(30,2.5) swing identification algorythms. No oscillator algorithms see it. Oscillator wave confirmation algorithms are frequently used by Ellioticians, price-only swing identification algorithms are commonly used by classic chart pattern traders and prex algorithm is a universal algorithm used by the...
Signal ID: 65565
Time Issued: Friday, 17 May 2019 05:25:15 GMT
Status: open
Entry: 122.406 - 122.656
Limit: 121.943
Stop Loss: 122.946
The Breakout Opportunities system has just sold EURJPY at 122.56. The system recommends entering this trade at any price between 122.406 and 122.656. The signal was issued because the EURJPY has broken its 24-hour low while our...
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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