133.09 = SELL STRUCTURE 136.94 = BUY STRUCTURE EURJPY HAS BEEN IN A NICE UP MOVE, ACCORDING TO THE 4HRS. WE STILL HAVE TO BUY INTO DIPS BECAUSE OF THE LAST STRUCTURE HIGH OF 136.94. THE ONLY RESERVATION WHICH IS NORMAL IS THE BREAKOUT & RE-ENTRY OF PRICE INTO THE 136.20. * wE ARE GOING LONG FROM HERE (134.40) TO TARGET (136.20) * STOP PLACED BELOW 133.80
EUR/JPY just cleared long protective stops from the last 5 hours. Appearance of a trendline break most likely also suckered in fresh shorts. Watch for this to run up to the 136.18 area, that is 50 pips up from our current location. **5/20 update: this long call was only good for 20 pips, never made it to the 136.18, and monster 100+ pip short bar took all...
EURJPY has an aligned bullish trend on the 4HR and Daily charts. The strong momentum at the start of the trading week is a good signal. Every other pair like USDCAD, EURUSD, GBPUSD are all taking a rest from their Daily trends. No take profits, trail your stop loss below PSAR.
Expecting a retracement due to strong 200ema resisitance before next leg up in line with EU. Possible formation of inverse head and shoulders (C retracement). Targets 138.585 & 142.00
We've seen a bulling break above the CTL on the daily on this pair and if we drop down to the 4H TF we see a break and multiple retest of this line. I believe we will see a move up to test the previous highs and if the bulls have enough power perhaps even the 0.618 mark. As I've recently taken an interest in Harmonic Patterns I believe that this pair also shows...
THIS IS A BUYING OUTLOOK, HOWEVER OPPORTUNITY TO BUY HAS NOT PRESENTED ITSELF YET. PRICE HAS BEEN ON THE DECLINE FOR 8 DAYS STRAIGHT WITHOUT TAKING ANY BREAK. PRICE HAS RECENTLY CLOSED BELOW 127.00 ON THE D1. I AM LOOKING FOR A D1 PIN BAR FAKEY OR EVEN A H4 PIN BAR FAKEY CUTTING 126.00 - 126.5 REGION. PRICE MUST NEVER CLOSE BELOW 126.00 FOR 2 H4 BARS...
A bullish gartley is forming in this and other charts of Euro at this moment. Let's see the related ideas
eurjpy long support reach and also the patterns (not shown) on 4 hour chart