Price is rising towards the pivot which has been identified as a pullback resistance and could potentially reverse from this level to the 1st support. Pivot: 169.38 1st Support: 167.36 1st Resistance: 170.70
Hello Everyone, The EUR/JPY exchange rate has remained stable over the past week, so the projection for this week remains unchanged. Sellers are hopeful for a potential retest of the 165-163 area. While this scenario is possible, it is currently unlikely. The bullish outlook has a higher probability of persisting. TradeWithTheTrend3344
We have these indicators for SELL opportunity: EURJPY still has the opportunity to grow, but now there is a chance to earn a short time by selling, We have these indicators for SELL opportunity: - Reflection from the top of the parallel channel - Low volume to continue the current direction - Return/re-test to 1+3 Month high area (min. for TP1) We define 3...
EUR/JPY: Poised to rise more in a risky zone EURJPY broke out of a small bullish triangle pattern. Considering where this triangle pattern was created is increasing the chances that EURJPY could rise as a minimum up to the old structure zones. Regardless of the technical chart, the price is supported more by the fact that the BOJ is not intervening in the...
EURJPY leaves clear bullish clues, after a breakout of a solid intraday resistance last week. After the violation of the underlined structure, the price started to consolidate within a horizontal range. Bullish violation of the resistance of the range this morning is an important bullish confirmation. We can expect more growth now. Next resistance - 186.5 ...
A great opportunity to short after a break out and previous highs. Tight stop and good luck
Find trade parameters below; Entry 167.927-168.233 Textbook SL 168.261 Final TP 166.989 Drop a comment to let me know if you have picked up a thing or two form my analysis Warning: 1. trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose. 2. Previous performance is not a guarantee that my...
my opinion there is more up and if coming back to the zone it can continue to the uptrend
Price rejecting from level of supply as bullish volume comes into YEN. Looking for a continued bearish wave here!
Remember the supply zone we marked out yesterday? Well, price mitigated a fresh supply below the initial one and broke below 168.000 We anticipate price moves further with this new supply zone and target the swing low before with demand zone. THIS SUPPLY BROKE THROUGH DEMAND AND LEFT FVG+ BOS Goodluck 🤝
Short Position Setup Expected on EURJPY Pair based on Bearish divergence expected at the Resistence level though Resistence zone is not that strong but still we can expected bearish trend to start. setting up SL with strong Risk management by taking small lot size will always best plan to take up and cherish. :) what are your thoughts on this analysis.?
The "bullish crab" pattern is a specific harmonic pattern utilized in technical analysis to identify potential trend reversals in financial markets. It's considered one of the more advanced patterns and is based on Fibonacci ratios and geometry. Here's an overview of its main characteristics: 1. **Initial Move (XA)**: The pattern starts with an initial move from...
we trade fair value gap after mark up retest the fair value gap then sell
Like, comment and share with your peers! Am looking for buys on EURJPY between the range below. Find my confluences below; ✅Price at psychological level? ✅Has there been a recent intraday range? ✅Do you see 30 mins or 1 hr price bar closure outside recent range? ✅Will position be in the direction of 4hr and Daily trend ? ✅Has nearby wicks to the lefthand...
Price is at a level last seen in July 2008. At that time as well, price had made several attempts to go higher and failed (thus printing multiple tops). Once again, we can see several tops. A decline of 55,400 points (about 33%) happened in 2008, I can only wonder what we will see on this occasion. I see a supply zone (yellow rectangle) and expect this pair to...
As we continue the pullback into today, this may continue into the next day. Market sentiment is majority short Big trend is still bullish we are in a current pullback, may be possible to add more into your position as it moves in a channel, still awaiting more information as to where a bullish continuation may happen at the moment, expect more pullback until...
On the 15 minute timeframe, price has created Bullish Market structure. Price created a BOS at the level of 169.148 level. Ideally, i want to see price tap into the 15 minute Bullish OB at the 168.851 - 169.041 Level. Once this happens, i see 2 scenarios that could play out. 1) Price rejects the 15 minute OB and creates a 5 minute CHOCH to the upside. This...