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
EURJPY found support last year at the lower bound of a multi year channel (109.50) and a swift recovery has taken shape since then. It headed towards an intermittent hurdle near 124 the 76.4% retracement from march2016. Currently the pair is retesting the channel limit at 11.70 in what appears to be the fourth wave from an elliot perspective. With the daily...
As mentioned in previous post we found support last year at the lower bound of a multi year channel at 109.50 and a swift recovery has taken shape since then. A recovery appears plausible towards 121. A break above will take it towards 122.50/123 with the next handle at 124. All the best and trade with care. Thanks for your support.
Hi,traders,I hold a point:Good charts does not more words to explain! Good luck
Buy above 118.70. Stop loss at 117.47. Take profit at 120.66. Reason for the trading strategy (technically): Price has bounced off nicely at 118.70 support (Fibonacci retracement, horizontal support, Fibonacci extension). We look to buy above this level to play a push up to at least 120.66 (Fibonacci retracement, horizontal pullback resistance). Stochastic...
BREAKOUT EURJPY TRENDLINE AND MOVING AVERAGE LETS GO DOWN EURJPY
- HIT DAILY SUPPORT (RESPECTED) - WILL SEE IF IT HITS THE SECOND TP - TREND HAS CHANGED TO BULLISH TENDENCYS - BROKE 1HR TREND LINE TO THE UPSIDE. 2% on this trade.
Sell below 121.09. Stop loss at 121.86. Take profit at 119.65. Reason for the trading strategy (technically): We remain bearish below 121.09 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down to 119.65 support (Fibonacci extension, horizontal support, recent swing low support). Stochastic (34,5,3) has reacted off our 92% resistance...
We expect the price will move upwards in the long term weekly technical analysis. Take Entry @ 123.30 Take Profit @ 128.20 Stop Loss @ 112.61
Hey guys, We are still analyzing EURJPY. I shared a Daily view on this pair and it is linked to this one here. You can see it attached below. The flag we are willing to trade could be an almost perfect 5 wave structure as you see in this chart. Now it is all about being patient. In the next flag formation we will enter the trade. As you see we did a short term...
We believe that the price will zig zag between 119.90 and 121.20 and than fall
Buy above 119.62. Stop loss at 118.63. Take profit at 121.08. Reason for the trading strategy (technically): Price held at our buying level perfectly yesterday. We remain bullish above 119.65 support (major horizontal support, Fibonacci retracement, EURUSD positive correlation) for a push up to 121.08 resistance (Fibonacci retracement, horizontal pullback...
We expect the price will reach 122.30 before going down. TP: 122.30 SL: 120.50
There is an uptrend. Open price - 123.194, TP - 123.496, SL - 122.794
Hey Guys! I saw this very interesting. The Weekly correction has been broken uptrend by this last impulse. Now it's making a correction in the shape of a flag so we have a buy set up! Simply buy the breakout! Carlos
Hey Traders, Long time no post, happy new year and happy holidays! I am back with a few analysis from my holidays, one is this trade, EURJPY. In my team we traded the flag down, we managed to get a 116 pip trade done. This flag is finally reached 0.786 of the fibo so I am sure it will try to brake it. The ongoing brake maybe a Throw-Over so we have to wait,...
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron