EUR/JPY is on a clear downtrend, the price is right now near a strong resistance level.
We have a double scenario, the price can fall from 120 price level (at a weak resistance), or keep rising to 121 and then fall to support at 115 .
Next week is the first week of the month and we have a lot of economic data realeased which will strongly affect the...
. There is a possibility of temporary retracement to suggested support line (117.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. 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.
hi guys so this is a little vid on what could come next week this is nice and simple trading and i feel we very much all over think trading and try and find as much as we can. stick to your plan and follow it. we can't be right all the time as i see a lot of people who feel the need to slam people when they're wrong be nice and helpful to them and even myself im...
I am looking for buys on this pair.
Firstly I am looking for it to come back test the 50% Retracement level with it to test the 4hr trendline as well!. X marks the spot!
Also I wont enter on a candle that is still open I be looking to enter on a close for a bullish hammer or a reversal candlestick to have a better entry with better RR 1:9
Where in a wider scale upwards trend range. Currently in a downwards phase. Once we break our bearish flag and hit the lower trend line I expect a reversal.
Bottom trendline has been untested so should be strong. Good bearish momentum on 4hr MACD indicates should be a nice reversal also. A small retest on the level set by our bearish flag should send my 10MA...
Looking for a day trade on this over extended market. On the 1hr we see a bearish momentum shift and i am looking on the lower timeframe (5min) to capitalise on the lower high that potentially is forming. 30 pip target to bring us down to the 4hr range that we currently have.
For more information on our strategy please view our 'Scripts' page on our Trading view profile.
Our V2 strategy shows the SL and multiple TPs on the chart too - these are customisable based on the ATR of each pair.
We have set these so that TP1 is 1:1 TP2 is 1:2 TP3 is 1:3 RR.
There are infinite ways to manage your trades to suit your mindset and time.