The Breakout Opportunities system has just sold EURJPY at 124.921. The system recommends entering this trade at any price between 124.726 and 125.005. The signal was issued because the EURJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.818, suggesting that the EURJPY may have further to fall. A stop loss has been set at the 24-hour...
I have a very high probability trader for you on euro yen:
as you see the market is really reactive to 125.46 level.
today we see a clear rejection of this level.
now we have completed double top pattern.
we just need to wait until the market closes below a local support...
Given that both, the EUR and the JPY are weak, the yen slightly on the weaker side, which may lead EURJPY a bit higher. But in order to aim further up, we need to see another push above the 125.40 barrier. This way the pair could clear the path for itself towards slightly higher areas.
PLease see the chart for details.
Don't forget your stop-loss
Following a drop pair is forming bear flag (on daily), with this nice potential bearish butterfly inside the bear flag, completing right at the resistance of the flag. If this works out then it could also be a nice level for trend following entry, with extended targets near most recent low. My entry technique for this pattern will be sell order 2 pips below the...
So looking at EJ I'm seeing Bullish pressure build up. Looking for the right entry, based on the 1 hr I can see that it is bouncing off a Key Fib zone of 61.8 During the London session. watching it to see if it shows further confirmation and proceeds. As of right now it is holding this zone pretty tight. Based on the trend it is in it is at the bottom zone of a...
Chart time frame - H4
Timeframe - 1-2 days
Actions on -
A – Activating Event
Market will meet resistance in zone @125.44 - 125.74 and fall to the @ 124.4 In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @...