There has currently been a break and retest on H4. The rectangle that i have drawn shows where the market is reacting from and if we look at the past history we can see that we do get a reaction off that zone. Currently in profits from this trade, if it does get to 50% of this trade ill close some of my positions
#EURJPY UPDATE Hey team we are here to update about EURJPY. EURJPY is breaking the Wedge Pattern. And getting ready for a good bullish wave in this move we can see gain upto 500Pips+. Keep in touch we will update further soon.
EURJPY has been in an overall uptrend shown from a top down analysis meaning that we are mostly looking for buying opportunities. EURJPY has given us an ascending triangle in the 4hr timeframe making a good confirmation for a buy opportunity. Inside the triangle we have an inverse head & shoulder showing a trend reversal as another confirmation why it is going to...
A clear mitigation block occurred, and a pullback followed. We can expect prices to fall.
This chart shows a series of HH and HL according to Dow Theory.
Hey Traders, in today's trading session we are monitoring EURJPY for a selling opportunity around 163.500 zone, EURJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 163.500 support and resistance area. Trade safe, Joe.
market buy order. Risk:Reward 1:1 Type of trading: Intraday.
EURJPY is rising toward pivot point that is close to 50% Fibonacci retracement. and could potentially fall to a support level. Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 163.42 Support: 162.53 Resistance: 164.41 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital...
EURJPY Monthly Trading Journal In review of price action since 2003, price hit its chart high in 2008. To which after a 4 year bearish trend it picked back up in July 2012. Price almost corrected the imbalance from 2008 by Dec 2014. Again another 2 year trend of price offering lower prices before beginning a bullish trend. Since April of 2020 this pair has been...
Chart has reached a 300% resistance zone and is now showing signs of reverse. With this, bears power is greater then bulls and it should reach 423% support zone. Bearish. SL 163.261 TP 162.859
EURJPY En: Black Sl: Between Red Lines (1% of your balance) Tp: Green (Check the picture or tradingView for Numbers) Cancel if Tp crossed without opening #240Min_trade #N48
FX:EURJPY Towards the end of the week, the EURJPY currency pair experienced a significant and forceful move to the downside. In the event that this downward momentum retraces and tests the 38.2 level without surpassing it, there is a possibility that the downtrend may persist and continue to exert its influence on the market. Alternative Scenario: If the...
Bullish indications: Bullish divergence Inverted head and shoulder pattern. Minor support respected. Bearish indications: LLLH Trade plan bias long @ 162.918 SL:162.827 TP1:163.006 TP2:163.078
Same pattern... will it repeat? Thats a dead flat top. But thats allot of liquidity to take up there, theirs also an implied fair value gap too right in the same area.
EURJPY is on bullish trend on 4hr making higher highs and higher lows. It has made bullish engulfing which can be the higher low.
Broken Trend line Trend Chanell Broke Daily FVG Sell idea EUR JPY 📉 sell 162.745- 162.730 zone TP1: 162.170 Tp2: 160.960 SL: 163.200 Rrr: 4.2
EUR-JPY - WEEKLY - Reversal from here? I still reaming neutral bullish for EUR-JPY , i'l became bearish when we will see the first cut rate from ECB.