". There is a possibility of temporary retracement to suggested support line (123.40).
. 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...
The entry price, SL and multiple TPs are shown on the chart. Please use your own risk management plan.
Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter.
Not found that crystal ball that everyone else...
Hy dear members. hope you all are Enjoying profit with our Analysis and ideas.
Now we are here to discuss about EURJPY That is holding fib level 0.5
And now it has maximum Chances that it will go down to the Price level 123.5 then it will bounce back to the Price level 126.5
What you think about this where market can move tell us about you Analysis in comment...
Here we see price on an upward direction towards what is a very strong 4HR Supply Zone, price has already bounced off the daily Supply zone and now heading downward generally, so we are looking at simply a retest and drop :)
The price is inside a descending channel and bounced off 200 MA
Sell at 122.817
Stop loss: 123.590
Take profit: 121.859
Follow me on twitter @KhaIid_Alhasani to see all my trades, if you are a newbie please start with small lot size, I will tell you when to close half of your position to bank some profit
Don't change the stop loss even if the price...
2 potential reversals on 2 timeframes here adding perfect confluence to our fib levels and daily support.
There's an Inverse Head and Shoulders on the Daily and potentially a Double Bottom on the 4hr timeframe.
Shorts valid with a daily break of right shoulder and support.
Great RR for buys!
There is a Trading Signal to Buy in EURJPY Currency Pair.
Traders can open their Buy Trades NOW
If you liked our ideas, please support us with your likes 👍 and comments.
Summary: The market sentiment has soured since New York City last night warned that all public schools will be closed from today. We also have the specter of an EU budget impasse to consider. In FX, the riskier currencies have headed lower versus the US dollar, with the euro under modest pressure as well, though the market seems asleep at the wheel on possible EU...
EURJPY has touched its support zone (123.15) once again.
Previously, the price has reached support and rejected, turning bullish and reaching its resistance zone again.
After reentering its support zone, I believe the price could reject this region and turn bullish heading back to resistance.
Before taking this long trade, I will look for clear confirmation of...
We have 3 clear technicals here:
Descending channel, Daily support and Daily resistance.
We have just last week tapped into that resistance and 61.8 Fib level so I would favour sells below the support and a continuation of the market structure to move bearish. However, we have scenarios ready for buys as well
Eat FORTUNE COOKIES Hahahaha.
No before you rush out to your local Chinese and buy all the fortune cookies... This was just a joke! But i would like egg fried rice, chips and curry sauce please!
You can see how price hit my blue resistance zone perfectly then bears pushed price down 140 pips, and you can see where i am expecting price to be pushed down to, my...