EURJPY is fluctuating near the support level. The pair can break down this line in few hours on bad European news background. So we recommend a PUT option at 132.512 with 10.00 GMT todau expiry.
Buying calls here as the daily trend line is broken and retested now and looking for price to come and move higher now as previous resistance turns into support. End of week expiration as things might get a bit dicey with the FOMC and FED coming today
The reason for buying calls is that expanding triangles have the tendency to appear either as a fourth wave types or as a b wave types. In our case here it seems to be a fourth wave type and looking for new highs to come. This being a daily chart than we need for our calls to have an expiration date at least one week from now.
USDJPY is near the resistance level inside the triangle. U.S. stock positive opening creates good possibility to break this triangle and start new upward trend.
Double three running here on cable and such a correction after breaking higher (and it did) should have little or no corrections, so going to buy calls for end of week expiration as to avoid fake spikes into the Fed
like the name suggests here we are looking to buy calls in the area now for end of week expiration due to the fact that this contracting triangle broke higher and normally new highs should come....measured move for it comes well above the 133.79 area so end of week expiration in order to avoid fake spikes into the FOMC
EURJPY is trading below the resistance level at 132.27. European market is growing so there is a good chance for breaking this level.
this contracting triangle looks to be breaking out of a possible pennant on the higher time frames and this implies we are looking for higher values, around 1.68 to come and we should play this carefully as Fed on Wednesday most likely to bring high volatility levels.....therefore, end of week expiration should keep us out of the woods.
such a contracting triangle that breaks like this one it means it is forming at the end of a complex form of correction and this should leat to at least 61.8% retracement of the prior move price made......end of week expiration date in order to avoid volatiliy from Fed on Wednesday
USDJPY is growing up on good U.S. economic sentiment. Investors are optimistic before FOMC metting next week on 17-18 September. We recommend to buy a CALL option at 99.541 with 16.30 GMT expiration today.
1h chart possible ascending triangle and this is possible because we have an almost double top there to the upside, by the pip........from my experience when such a thing happens, especially on a lower time frame like the hourly chart, is going to be broken.....so buying calls is the only wat to go
this being Friday and I do not want a bigger expiration date than today..........contracting triangles that appear after a move is channeling so well are being interpreted as reversal patter as the whole move prior to the triangular consolidation should be corrective .......such a situation is to be met either as a A wave, or a B wave, or part of a more complex...
classical corrective pattern here, a flat, with the structure being an abc, 3-3-5 and now looking for a move higher....expiration data is extremely important as this being Thursday, we will go for end of week (this week) expiration looking for flows to come in to support the pair........flats are usually being followed by an aggresive move in the short term period...
not only that we have a falling wedge that broke to the upside there, but the downside trendline from the whole move from the 1.50 area is broken as well....this makes the case for a nice retracement, so even if this is a c wave to the downside or a first wave in terms of Elliott, we still need a nice retracement.....one week expiration because if this move is...
EURJPY has good growth potential on Thursday morning European stock market opening. The pair was decreasing yesterday but today it has good possibility to regain lost ground
USDJPY touches the suport and must go up on U.S. stock market positive pace.
price looking to make an attempt to get into the previous fourth wave of a lower degree area and that implies values higher that 0.9320........given the economic events to come and volatility expected plus positioning for FOMC I would say one touch option works best here
price broke out of that contracting triangle and this triangle looks to act as a continuation pattern so new highs are likely.......end of week expiration date