Buy above 129.54. Stop loss at 129.20. Take profit at 130.50.
Reason for the trading strategy (technically):
Price has dropped from our selling area perfectly and reached our profit target. We prepare to buy above major support at 129.54 (Fibonacci retracement horizontal overlap support, Fibonacci extension) for a push up to at least 130.50 resistance (Fibonacci...
Sell below 130.50. Stop loss at 130.81. Take profit at 129.61.
Reason for the trading strategy (technically):
Price is reacting off major resistance at 130.50 (Fibonacci extension, horizontal swing high resistance, bearish pride action) and we expect to see a reaction off this level for a drop towards 129.61 support (Fibonacci retracement, horizontal pullback...
Hi Seildev here:
EUR/JPY Long
- 127.00 Key area of interest
- 125.8 2nd level of support
- 123.92 3rd level of support
If entered at 127.00
tp @ 129.85
If entered at 125.8
tp @ 128.488
Safe trading
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.
Sell below 125.13. Stop loss at 125.36. Take profit at 124.63.
Reason for the trading strategy (technically):
Price has shot all the way up and reached our profit target perfectly. We prepare to sell below 125.13 resistance (Fibonacci extension, Elliott wave theory) for a short term setback to at least 124.63 (Fibonacci retracement, horizontal pullback...
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 125.172 and place your TARGET at 125.572
Buy above 123.78. Stop loss at 123.15. Take profit at 125.32.
Reason for the trading strategy (technically):
Price is approaching major support at 123.78 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and we expect to see a bounce above this level for a rise to at least 125.32 resistance (Fibonacci extension, horizontal swing high...
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.
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
EUR/JPY has lost it's bullish trend and may breakout it's support 200 pips+ down.
This is a great setup and could be a long term bearish reversal entry.
Always invest after your own analysis as well as money manage properly.
Happy trading!
Buy above 122.56. Stop loss at 122.30. Take profit at 123.63.
Reason for the trading strategy (technically):
Price is now testing major support at 122.56 (Fibonacci extension, horizontal swing low support, bullish divergence) and we expect a strong bounce up from this level to reach at least 123.63 resistance (Fibonacci extension, horizontal swing high...
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...
As you can see on this pair, although we made new highs for the last 12 months recently (seeing a close above 124.000) we have also seen a struggle to maintain above this level.
It looks as though the recent bullish run is running out of momentum and I think we can see 122.000, if not lower, pretty soon.
Monthly MA's are still down, and the Daily MA's are also...
I have a longter term Short setup for the EURJPY but here we see a shorter term H&S pattern setup forming for anyone interested in a shorter, possible intraday trade. Wait for a break of the neckline before entering and a more conservative approach would be to wait for a pullback and re-test, however, from experience we know this does not always happen.
If you...
We recently shorted the EURJPY with great success and it is currently travelling back up to the trend line. As the current trend line is based on the 1D chart and the day is not over, it is not possible to determine exactly where the current trend line will stop and for this reason, I have made two possible entries on this trade setup.
We can see the price has...
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...
