Sell below 121.09. Stop loss at 121.86. Take profit at 119.65.
Reason for the trading strategy (technically):
Price has reacted perfectly from our selling area. We remain bearish below 121.09 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down to 119.65 support (Fibonacci extension, horizontal support, recent swing low...
Buy above 119.62. Stop loss at 118.63. Take profit at 121.08.
Reason for the trading strategy (technically):
We remain bullish above 119.65 support (major horizontal support, Fibonacci retracement) for a push up to 121.08 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (21,5,3) is seeing strong support above the 6% level and also...
Buy above 119.62. Stop loss at 118.63. Take profit at 121.08.
Reason for the trading strategy (technically):
We look to buy one more time above 119.65 support (major horizontal support, Fibonacci retracement, EURUSD positive correlation) for a push up to 121.08 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (21,5,3) is seeing...
Buy above 121.11. Stop loss at 120.48. Take profit at 122.00.
Reason for the trading strategy (technically):
We remain bullish above 121.11 support (Fibonacci projection, horizontal support, Fibonacci retracement) for a bounce up to at least 122.00 resistance (Fibonacci retracement, swing high resistance).
Stochastic (21,5,3) is approaching strong support at...
We have 2 options for this trade:
Plan A: Waiting for 1-2 more bearish signals to short
High Risk to Reward Ratio
Plan B: Continue with the trend
The price breaks the resistance zone,
wait for pullback and go for long :)
SUMMARY:
The EURJPY pair bounced slightly during the course of the day on Friday, using the 113.28 level as support. At this point in time, the market is looking bearish. The primary trend of EURJPY is bearish on charts and price is trading below its support trend line in its 1 hourly chart. In its daily chart the price is sustaining below 200 day SMA that are...
SUMMARY:
The current trend of EURJPY is bearish on charts and price is trading below 50 day SMA and 200 day SMA with appearance of dead cross on 4 hourly charts. It is having an important support at the level of 123.12 and resistance at the level of 123.85. On chart it made a symmetrical triangle. If it breaks its support level on the downside and sustains below...
EURJPY Sell Idea
First we want to see the 126.67 level crossed to the upside.
Only if this happens sell the break of the red TL aiming:
T1 125.2
T2 124.6
T3 120
SL 2 pips + spread above last high
EUR/JPY ( 30 MIN. )
SUMMARY:
The secondary trend of EUR/JPY is bullish on charts and price is trading above the trend line in its 30 min. chart. In 30 min. chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 125.00 and support at the level of...
Hello Traders!
We would like to present EurJpy forecast. (3-rd variant)
Sell limit - 129.000, S/L - 130.500, T/P - 126.900
Best regards, Powerful Traders.
EUR/JPY finding resistance at 139.50's, price action on 1H + 4H looking indecisive/bearish.
Long term trend line break adds further confirmation of short bias, short term down trend has formed on 1H time frame.
Three tests of structure resistance on 1H time frame also indicates lack of upward momentum, short term bullishness is only abouve 139.50's.
Looking...
