Go long at rejection of the triangle support
This pair finished a harmony pattern on the weekly time frame and it might go down 50 Fibo. In addition to the waves support the same direction. The first goal is wave 6, which can be predicted by connecting 1 and 4.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
-Although EUR is way too bullish at the moment, but i would prefer longs it makes a consolidation here and completes this structure. -It may break above and go rally to extend 3rd wave so just wait and see how structure develops. -On lower time frames, buy low and sell high. Good luck!
Dear Trader and Followers As per Technical analysis eurjpy in a broad correction which is expanding triangle. In Triangle, there is possibile final (5th wave) which indicates lots of possibility that EJ will fall very sharply . Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade at your own risk....
Good evening traders, There is a bearish Bat pattern forming on the EURJPY up at the 1.30100 level that we will be looking to enter only if the moon (price) and the stars (Mario Draghi, Jackson Hole) align. We're hoping for a return of more volatile markets, and Jackson Hole could well be the catalyst. Have a plan and trade it. All the best, Mase.
EURJPY broke minor trend line after it priced the chart for Export and adjusted trade balance news from JPY side. Trump's non-replyments about Korean threads made USD a bit strenghtened so EUR pairs affected as EURJPY do. As we see after breakdown at minor trend parrity made its retracement back to trend and bounced back. After minor trend we got a key level at...
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Price is consolidating around 130.63 area (an intra-annual level). Depending on a break up / down targets could be 131.82 or 129.60 (both are medium-term resistance & support). Wait..
EURJPY took enaugh power from ECB news last week to pass its consolidation area and reached it's 131.50 Minor Resistance band and tested it.Adding to this bad news from US side triggered all EUR pairs to go higher points. Expections will lead us till %50 fibbo line at 130.60 band to gain it's power on buyers again, to lead us 132.40 band by retracements on long...
price bounced off weekly resistance level and also formed a bearish flag, break of flag will send price further to the down side
Hi, Seildev here: Area of interest: - Daily chart resistance for all May/17 at 38.2% fib from high Dec/2014 to low Jun/2016 - Respected resistance from 25th/May/17 - Confluence 61.8% fib for short - 124.45 to short Safe Trading everyone.
For quite some days, the Euro-Japanese Yen has been solely consolidating within this range despite the further decline of other Euro Forex pair. That being said, this may be qualified to be an NR7 trade; it is also called as Narrow Range 7 day bar. With the NR7-qualified trade, we can also see a possible formation of a triple-top-double-bottom... or a possible...