Looking to enter EURJPY LONG in Buy Areas and to close in target areas 30+PIPS. .
This is a continuation from a post I made 6/4. I TP'ed at the D extension. Waiting on retracement with entries at 50% 1HR retracement level and 61.8% 1HR retracement level. Looking to ride trade up to 125 to 125.5.
USDJPY has broken a minor resistance, showing the JPY pairs want to go up. EURUSD is in a range but ready to break up, so EJ will rise faster than UJ... WAIT FOR THE BREAK AND RETEST.
Disclaimer - I could be wrong/Trade at your own risk...
EURJPY has been travelling in an ascending channel ever since the huge drop on the majority of the fx pairs. Not much to be said apart from the doji candle and bottom of the channel has been hit, indicating price will make its way back up to the top of the channel IF PRICE HITS STL , PRICE WILL MOST LIKELY FOLLOW THE RED LINE.
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Once again guys, we have another beautiful set up here.. oh btw, if you don't follow me already.. HIT THAT FOLLOW BUTTON. Right,Right.. Let's dive into the technicals. We have a nice Bullish run before price reaches that point of resistance where price starts to retrace bearish. As you have probably gathered, my strategy is simple and I would recommend everyone...
I believe the trend has reversed and we are now bullish but have hit a resistance point and should retrace where buyers may take a long position again. I have identified 2 places where you may wish to do a buy either at leg B OR you can decide to wait for market to go lower before buying in again at leg D. My labelled zones are only a rough idea of where i think...
Eurjpy will be buying long term from support zone price 123.937 towards resistance zone price 127.297 daily time frame .
EURJPY IS CURRENTLY IN A CHANNEL ON THE HIGHER TIMEFRAME IT RECENTLY BOUNCED OFF THE LOWER CHANNEL IT MADE A SHIFT IN MOMENTUM AND NOW COMING FOR A RETEST LOOK TO ENTER @ MARKED ZONES. THE ZONES ARE 61.8% AND 50.0% FIB LEVEL.
Got my entry off of the 1H (based off of fibs, it bounced off the 62%). I'm looking for price to come up and hit the 62% on the 4H. - Entry, TP and SL on the chart. *Enter if your please, but always at your own risk. I am not a financial advisor.*
I will present this opportunity in a simple way and clear! EUR JPY has been creating HH and LH , from the 3 week of the year. That been said, we simply are applying a ABCD. A-124.406 B-125.953 Possible C 125.027, where the 61.8 % fib is located and the possible D 126.372 I hope this that help you guys. All the best Trading view
EURJPY BUY LIMIT 124.90 SL 124.60 TP 126.00 TP2 127.00 www.trade-insider.com