The Tidal Shift Strategy has just sold EURJPY at 124.419. The system recommends entering this trade at any price between 124.244 and 124.594. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 2.217, which suggests that the EURJPY could be trending downwards.The 14-period Average...
The previous bearish one didn't really give chance to enter the trade, and here comes this bullish one.
Pretty much a Friday intra-day trade, if the entry didn't get filled I would probably cancel the order before the market closes today.
Let's see how it goes!
Following up to our EURJPY trade we posted in our telegram channel. Price has moved
in our favor and with it coming so close to targets look to manage the risk.
We will bank here or move stops to breakeven to protect capital.
EURJPY is approaching our first support at 124.45 (horizontal swing low support, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level to our major resistance at 124.98 (horizontal pullback resistance, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a corresponding...
HELLO, WE PLAN TO SELL EURJPY @125.75 AREA. PREFERABLY, WATCH PRICE ACTION IN FRANKFURT MARKET, ONCE UP AND REVERSE, SELL AT THAT AREA UP THERE FROM 125.5 to 126 IN THE WAY DOWN. NOT IN THE WAY UP.
EURJPY has been in a continuous uptrend since the beginning of the year, with a recent 3-hit resistance being broken. The price has found its previous support at the 61.8% fibonacci level and now we have to wait for a retest of the newly formed support, former resistance.
Hi there,
If you are following me on EURJPY from 1.3750 than i am sure you know what were are doing on EURJPY. We are selling EURJPY all the way from top to bottom.
We had sharp fall on the EURJPY and after that price went in to daily correction this daily correction is forming very nice flag which is about to breakdown like the previous flag breakout.
Dont...
EURJPY has recently rejected the key resistance of 125.80 and formed a bearish weekly candle. Since then
price has rallied this week into a minor 4hr resistance zone. Price is currently being held by trendline support
and previous structure highs. If price can break lower it will give the opportunity to look for further short trades into the
key support zone of 124.20.
EURJPY is still in correction we are looking for this correction to finish and resume the bearish trend for big fall.
Lets come to the point
How you can trade on this chart.
1. There is a 15 minutes time frame correction watch for that correction to breakdown and continue the bearish trend and complete the correction move for bearish trend .
Or
2. Let...
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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