eurjpy long entry m5 trendline break confluence uptrend m15 m60
The price finding support area at 115.46-116.63. Bullish as long as support area at 115.46 remains intact. As intraday trading strategy. we must get bullish signal confirmed by trading above 117.764 with potential target at 119.03- 119.89.
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...
Multiple pin bars signaling strong selling pressure along the 113.300 support. Price action broke through finally and activated my short. Entry 113.296. TP 112.220
Analysis : Current swing is completely bullish withouth any valid pullbacks (just smaller pullbacks happened). EURJPY is up against resistance and we are having Double top in same zone with RSI Bearish Divergence If next candle ends as Bearish Candle "Enter" else stay back dont enter trade. Entering the trade after the current trend line break is also good...
Zeroing in on 122.50 to go long for a couple of hundred pips. there is a lot of downside potential still but this where fundamentals comes into play for me. top of the channel is the first TP from there we will see. This trade idea is not set in stone. But i know as much I am not a bear.
I Buy for a short profit. Fibo retracement = 50%. Fibo clustering = 161.8% TP = 124
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...
For both elliott and fibonacci there is an opportunity till 125.23 point for buy position. Have a good trade!, AAForex www.adimadimforex.com
I see a pattern on EURJPY, aiming for 300 pips on the next days
Even with strong news, the price respected the triangle. Waiting for the break.
EURJPY is on a daily corrective structure. Should buy at break out (green line)
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...
If the price breaks 130.00 and trendline, then wait for the pullback back to 130.00
Today's Chart: :EUR/JPY ( HOURLY ) The primary trend of EUR/JPY is bullish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining above 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 131.65 and support at the level of...
Buy @ Market 130.22 SL. 129.6 TP. 130. 6 131 131.6 132
EURJPY weekly chart is in a clear corrective structure. While the correction does not necessarily need to have an ABC pattern, the way this chart has formed so far, I am rooting for another push down to the fib zone marked in horizontal lines. Please do suggest if you have a different view on this.