One of the most pronounced trends at the moment is that of EURJPY.
What is done in such movements is simply to follow them. This is the easiest and most profitable.
Remember that the trend is our friend and we should not pass it on :)
Here we have several corrections (reversal of a smaller period) after which we have a continuation of the main movement.
Wait...
Welcome to our weekly trade setup ( EURJPY )!
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1 HOUR
Very bearish price action and pressure.
4 HOUR
Great short entries, prices looks like we are going to turn bearish now.
DAILY
Overall bullish market about to turn.
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FOREX SWING
SELL EURJPY
ENTRY LEVEL @ 125.780
SL @ 126.620
TP @ 124.570
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels -...
EUR/JPY has broken the horizontal resistance upwards, making it a mirror level.
Having decisively broken out of the long term downward trendline, the the current horizontal structure breakout signals us that the upward momentum is strong.
Thus, a surge up from the mirror level is reasonable to expect.
However, remember, that even though it is not a dollar...
The Breakout Opportunities system has just bought EURJPY at 126.328. The system recommends entering this trade at any price between 126.181 and 126.536. The signal was issued because the EURJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.237, suggesting that the EURJPY may have further to rise. A stop loss has been set at the...
Price is facing bullish pressure from our first support and trend line, a break above our upside confirmation level could provide the bullish acceleration to our first resistance target.
EURJPY Long Idea
This pair has been very bullish on the daily and 4hour timeframe and we are going to continue with that trend.
At the current level we have two potential long opportunities:
1.Price action pulls back to form structure at the 38.2% fib level and forms a higher low with strong bullish setups. Look to target higher toward the monthly zone and -27%...
PAIR IN FOCUS: EURJPY
BIAS: BULLISH
HORIZON: SHORT TO MEDIUM-TERM
Price has nicely broken above structures and nearing a higher time frame structure zone. Before that, price could retrace down to retest the broken structure around the 125.50 range before the climb to the targeted structure zone. Look for bullish price action during the retest before any long...
EURJPY rebounded from strong daily supply zone at level 126.70 with bearish movement
MACD shows start of bearish momentum
RSI rebounded from overbought region
It's expected for coming correction to target key level and restest major uptrendline near level 124.20
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (126.05). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
....
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (126.05). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
....
I may have gave the eur/usd and gbp/usd sell too early. Sorry
So i have a pending sell order on this pair with 3 take profit areas. They are the black trend lines.
The day chart may form some kind of reversal pattern before the bigger fall, or it may just fall
expect a reversal in todays new york session
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (125.5). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
....
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (125.5). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
....
