Thank you for taking time to view my analysis. As shown above, I've made my setup fairly simple and easy to understand, it's quite self explanatory. Price has respected the downward channel and harmonic wave length, and is now working it's way to the channel bottom, confluence with the 127% extension of the BC leg and a fresh demand zone. Although this is a...
Eur/Jpy pair found nice triangle and in H4 and D1 timeframe 50, 100 and 200 EMA is above the market price which indicate this market is still downward mode. That's why I think, this pair triangle may be break in downward mode. So, we can look for short postion in this pair.
So, keep eye's on this pair and don't forget to press like button. Happy Trading !!!
EUR/JPY is at a key level of support and has tested this level about 3 times. Has also retraced to key fibonacci levels and the overall bearish momentum supports the drop. We have seen a double top and a downward fall and now a possible minor retracement to the trend line aas illustrated. Will be looking to go short on this pair once the support has been broken...
Hi traders!
Our last EUR/JPY post was a weekly FIB setup. 149 + 149.50 was achieved. We were expecting 153 on EUR/JPY but 150 acted as a strong barrier after
the huge up move from 136.00!
When the market changes we must adapt as a trader. Now we are adapting to what this pair is currently communicating through recent price action.
The next downside key level is...
HS Target Hits @ 1.41 / atm we have a Bullish Engulfing Candle @ H4
RSI Oversold / Stochastic moves up from Oversold
Can we See a Retest on the Neckline...we will see
Have been monitoring EUR/JPY on all timeframes for a substantial amount of time
Higher high + higher low P.A formation carried out in the weekly uptrend..
Fib A,B,C formation in play with D extension (153.00) yet to be achieved.
Scale to the H4+ H1 Tf in order to execute a long trade upon a Counter trend line break in line with the overall long bias.
Looking for a short term top in EUR/JPY and sharp pullback to 141.20 still above the close of last week 140.70. Main reasons are the overbought short term technicals and the catalysts to take profit from the BOJ minutes where 5-4 vote may have some serious dissent and then the ECB later today where Corporate bond buying discussions can lead to further sharp EURO...
