lots of potential harmoinc patterns evolving
FX:EURJPY Eventual Bullish CRAB @ Weekly Support Point B: 38.2% to 61.8% XA Point C: 38.2% to 88.6% AB Point D: 161% ext XA 224% to 316% ext AB Target: TP1 61.8% CD TP2 127% CD Safe trades;
FX:EURJPY Double bottom followed by a 61.8% retracement... Only need to know where it will find resistance and start to pull back; H1 and H4 resistance right above, let's see. Safe trades;
Wanted to share with you one of the trades I got involved in after yesterday’s ECB reaction. It’s a bullish bat pattern on the EURJPY which is now offering a slightly better entry. Just my opinion of course but I think the best place for stops is beneath the 1.3300 even handled psychological number. Yes it opens you up to a little more risk, but as we saw with...
Retracement started from the 76% fib and I have a target at 123.0772. A clear upward break of the 1 hour ichimoku further supports another leg up from here. EMAs are trending down however so just make sure to respect your stoplosses if you are long.
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...
Expecting a retracement due to strong 200ema resisitance before next leg up in line with EU. Possible formation of inverse head and shoulders (C retracement). Targets 138.585 & 142.00
We've seen a bulling break above the CTL on the daily on this pair and if we drop down to the 4H TF we see a break and multiple retest of this line. I believe we will see a move up to test the previous highs and if the bulls have enough power perhaps even the 0.618 mark. As I've recently taken an interest in Harmonic Patterns I believe that this pair also shows...
THIS IS A BUYING OUTLOOK, HOWEVER OPPORTUNITY TO BUY HAS NOT PRESENTED ITSELF YET. PRICE HAS BEEN ON THE DECLINE FOR 8 DAYS STRAIGHT WITHOUT TAKING ANY BREAK. PRICE HAS RECENTLY CLOSED BELOW 127.00 ON THE D1. I AM LOOKING FOR A D1 PIN BAR FAKEY OR EVEN A H4 PIN BAR FAKEY CUTTING 126.00 - 126.5 REGION. PRICE MUST NEVER CLOSE BELOW 126.00 FOR 2 H4 BARS...