We are looking for buying opportunities. Therefore we are going to place our trade after the price retracement based on the regression channel trend. However, all the euro pairs might affect by any news related to Greece/Eurozone, so we have to be carefull and well informed.
The price tried recently to break the 0.5 fib level. We should wait to see if it would try again. Otherwise a break below the level of 127.42 would lead the price through the area of 126.86/126.00
Just broke this pair down in my Live Trading Room. After looking at the LLLC of the triple top highs, our traders were gearing up for a potential 2618/Kiss of Death trading opportunity. As we dug a little deeper into things we noticed that if we got the retracement back into previous structure then that 2618/KOD would be bet with a bearish bat which could be used...
A breakout is wanted. Then, according to the direction our targets are the fib retracement (if bullish trend comes up), or the second rectangle if bearish
two scenarios which could happen. price could bounce off the support turned resistance where it is at now or it could extend higher and then bounce off the next structure level.
Believe I'm not the first to say this but EURJPY has closed below the bottom of daily cloud yesterday.
Tenkan and Kijun-sen both points bearish for the pair.
The red descending TL also suggests pair might be heading for the sub-140 region.
Coupled with the current market risk off sentiment and holding the opinion that a reversal in USDJPY is more likely than one...
EUR/JPY remains on the downside the last couple days.
Fall from 141.X area to 135.7X witch can act as support.
The Price action from 145.x is probably developing into a triangle pattern.
I expect strong support in the 135.95-135.50 area.
137-136 level can bring a reversal in the price.
i will long this pair next days @ 137 level.
This pair has had one of the largest moves of the day. Currently pushing into the major psychological at 138. It is also pressing into a resistance point that has rejected it twice. Could be a triple top leading to a horizontal channel. If it breaks and closes above 138 then I see a little more upside before a pull back and a continued move north. Happy...
in daily chart, we see bullish bat pattern . and we see last daily candle show us exhaustion.. so in my op price will move up. if its not, it will in 138-134 area then go long
