A sell stop opportunity seems to be presenting itself due to a bearish divergence being formed according to RSI.
FX:EURJPY is in an uptrend phase. Regarding what is happening on the chart, we can assume that the bullish trend will continue in the medium term. The market is redeeming the strong drop that happened at the end of 2023 on the fundamental background in a few months. The Japanese Yen is weakening strongly on the back of weak regulation by the Central Bank of...
A double top is a technical chart pattern that signals a potential reversal of an uptrend. It occurs when the price of an asset reaches a high point, retraces, then rallies back to a similar high before reversing downward. The pattern resembles the letter "M" and is formed by two consecutive peaks at approximately the same level, with a trough (the retracement)...
EURJPY is currently showing signs of a Bearish Crab Harmonic Pattern (XABCD) on the 4-hour chart, indicating a potential reversal in trend. Additionally, the price is approaching a significant trendline, further supporting the bearish bias. Bearish Crab Harmonic Pattern (XABCD): The formation of a Bearish Crab Harmonic Pattern suggests that the price is likely...
Sell it it will drop enjoy the free signal I just need to write more so they let me post so just ignore this lol
EURJPY chart is printing bullish trend. EP: 167.024 SL: 165.377 TP1: 168.671 TP2: 170.318
success comes from scratch meaning from minor things not get quick rich as you think trade with simplicity and patience that is one of my rule while trading price action
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
There is a possibility of a five-wave rise. It will break through the highs upward.
Only keeping track of movements, I don't like to predict, but I do like to take consideration of Fibonacci for possible areas of interest. I prefer to be bullish due to market sentiment as of late, and not enough information to convince me to take any short positions at the moment. The latest movements remind me of a wave 3, then expecting a sharp pull back,...
One of the profitable skill you need to understand is market structure it's a critical skill that will implove on your trading journey this the best price action strategy that work with the market conditions
welcome here is my eurjpy long idea its based on very bullish market price trading above all and everything , it keeps rising and rising lets see if we can participate
▪️ Tech Stocks Take a Hit: Following disappointing revenue forecasts from Meta Platforms, tech stocks plunged globally. Meta's shares nosedived by 15% in extended trading, influencing a broad selloff in the tech sector, which pulled down MSCI's Asia-Pacific shares outside Japan by 0.5% and Japan's Nikkei by 2%. ▪️ Yen Struggles Continue: The yen has...
Hello Traders ! On The Daily Time Frame, The EURJPY Price Formed a Rectangle Pattern. Presently, The Resistance Level is Broken ! So, I Expect a Bullish Move 📈 ------------- TARGET: 166.430🎯
This is my bearish trend idea. However, wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
Yen falls as USDJPY heads in the direction of a hundred and fifty five However, the Japanese Yen did little to enhance in opposition to the weaker dollar, with USDJPY buying and selling close to a 34-12 months excessive and close to the a hundred and fifty five level. The yen weakened whilst a sequence of Japanese officers warned of presidency intervention to...
USDJPY is rising toward the pivot point close to the 161.85 extension and 100% Projection and could fall to a support level However, a break above the pivot might lead to an ascent towards the next resistance Pivot: 166.98 - 167.20 Support: 165.33 Resistance: 169.46 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you...
Fundamentals & Sentiment EUR: - Rate cut expectations differential JPY: - Possible intervention (Yen up) Technical & Other Setup: S(RTF) Setup timeframe: 4h Trigger: 1h Medium-term: Sideways Long-term: Uptrend Min target: Local support Risk: 0.36% Entry: Sell limit