Price is approaching 125.493 where it could potentially rise further to 126.744 Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Head and shoulders could form but this move is expected for now so keep on looking on this pair to see whats up If it worked consider donating for more ideas like this
Hello, I see a good possibility of this week the market make the last shoulder to finish the pattern and start moving to the downside. Good Trades!
All info can be found on the chart. DMs are open!
🔸 WEEKLY CHART EXPLANATION: . . 🔸Price broke the Descending Channel. . 🔸It has also broken the Resistance Zone. . 🔸The next bullish target is the Resistance Zone at 133.000. . 🔸 Will look for a lower timeframe bullish setup. 🔸 DAILY CHART ANALYSIS:
Can it get much easier? Probably not. No analysis needed, just wait for a alert place trade and forget until you receive another alert. Close and open in opposite direction. Job done. First trade banked 2.6% on the Buy Second trade banked 2.1% on the sell Third trade currently running open at 2% risk free.
Trend : Daily (Uptrend) Technical : Key level, Buy at support, Confirmation as uptrend (ascending channel) Risk reward : 1.3
EURJPY Long Idea This pair has been in a very strong bullish trend on all major timeframes. Current price action is now retracing to form structure around the 38.2% fib level and major support around 124.000. Look for strong bullish setups and lower timeframe transitions to enter long on. Target higher toward major resistance levels. For us to consider short...
REASON: Price has a formation of a rising wedge. If price makes a fall out of the wedge, then there will be a fall to the support zone and it will make a rebound to the upside. There will be a fall to the support level( 124.285 ) Price has hit this support level more than twice and there's a rebound to the upside. The RSI is also heading towards the oversold...
Hey, I am back this time with another analysis. EUR/JPY has found support at Support area of 124.360 - 124.600 and from here is very likely to test 125.370 level, on which it can perform a Head and shoulders trend changing formation. Good luck with this trade! Tibor
Good morning traders today i am having a look at the EURJPY for a sell i am hoping we get a retest of the supply zone then a rejection and a continuation to the down side.
The pair has broken the two diagonal support lines and now stands above the green mirror support level. The further direction of the pair movement might be the. following: There will be a bounce up from the support to retest the broken diagonal trend-lines. Then, the pair will return back to the support. And then there might be a breakout downwards. IF that...
The Congestion Opportunities Strategy has just bought EURJPY at 124.623. The system recommends entering this trade at any price between 124.452 and 124.794. The signal was issued because the 28-hour Relative Strength Index indicates that the EURJPY may be overbought, while the Speculative Sentiment Index reading of 1.456 indicates that trader sentiment is not at...
Price is approaching a key support and a break above our descending trend line could see further upside.
Price is approaching a key support and a break above our descending trend line could see further upside.
Clean set up for LONG and SHORT. See chart for info
Clean set up for LONG and SHORT. See chart for info