Our preference: position bought above 127.00 with targets at 128.25 & 129.05 in extension. Alternative scenario: in break of 127,00, a continuation of the decrease will be envisageable with 126,35 & 125,65 in line of sight. Comment: a support base on the 127.00 formed and allowed temporary stabilization.
We recently shorted the EURJPY with excellent results, hitting our price target and bouncing from the major support/resistance line as expected. Now we are heading back up and as you can see I have outlined how we've gone from making Higher Highs to Lower Highs and so it would seem the uptrend is coming to an end. Ideally I would wait for price to reach the...
We had a buy signal generated on FX:EURJPY supported by our technical analysis . Incase of a pullback, we expect a retest of the daily support and a rally to top.
1.90 AB=CD Price At 114.85 2.00 AB=CD Price At 114.60 So the price of D is good support
then we enter!
Hi guys, today i want to share with you this simple consolidation pattern called triangle: it basically consists on one trendline and one horizontal structure level converging at the same level. Price is making lower highs and equal lows. As you can see on the chart above though, price has actually broken to the upside this trendline, also breaking the double...
Hi guys, today i want to share with you this simple consolidation pattern called triangle: it basically consists on one trendline and one horizontal structure level converging at the same level. Price is making lower highs and equal lows. As you can see on the chart above though, price has actually broken to the upside this trendline, also breaking the double...
Hi guys, this is a Cypher pattern that's almost completing on EURJPY 1H chart. The white line represents a previous structure level very important and in the daily chart the RSI is in oversold condition. Price has also created a nice pinbar on the daily chart as well. These are the reasons why i'm getting involved with this. I'm actually taking this one a little...
Hi guys, this is a Cypher pattern that's almost completing on EURJPY 1H chart. The white line represents a previous structure level very important and in the daily chart the RSI is in oversold condition. Price has also created a nice pinbar on the daily chart as well. These are the reasons why i'm getting involved with this. I'm actually taking this one a little...
Hi guys, here we have a double bottom at a previous structure level on the 4hr (in this case our higher timeframe). The last candle signals also buying pressure, together with RSI divergence. That's enough for me to consider taking this trade. Stops below the low, first target at the retest of the highs, second target at 618 retracement of the previous move. If...
Not to excited about this pair right now....price still under a consolidation in the daily time frame forming a big daily structure
On day chart the Price have reach the 50% Retreated level On 4H chart the RSI below 30(show oversold) The ABCD pattern show the D price is 118.15 Good luck
We hope that our analysis can help you in your trading. This is an update for EUR/JPY, it is predicting for PRICE BREAKOUT. It would be a great idea to BUY on 121.671 and place your TARGET at 121.986
EURJPY Forecast | EURJPY Technical Analysis Take Profit 1: 120.75 Take Profit2 2: 120.45
EURJPY is still in downtrend, but we are expecting reverse back to uptrend soon. As you can see, EURJPY is probably going to meet trendline with 61,8% fibo PRZ where EJ will go longterm up then. Waiting to all Yen pairs go to reverse up soon (this or next week) Keep eyes on UJ GJ and EJ Don't forget to trade with proper MM/RM and caution, Good luck guys.