Today’s trading idea is coming from EURJPY. I have been waiting for a price action setup, which has finally come. As discussed with one of my followers (Dan) in the comments section, I finally had a confirmation from price. If you look at the daily chart of the EURJPY, you will find out that there is a pin bar, which is forming on the support level of 118.00. It...
with a Nice R/R going shortterm long How ever breaking the Sup area could take us to short & we could sell it after pullback
Hey Guys, Simple idea. Wait for channel breakout and look for flags to buy, we are expecting uptrend and breakout of the corrective structure. - Hola Gente, Simple idea. Esperad a la ruptura del canal y buscad banderas de compra, esperamos tendencia alcista y seguramente la ruptura de la estructura de corrección. Carlos
Cypher B: 0.382 - .618 C: 1.272 - 1.414 D: Final X to D: 0.786
We see the price will retrace to 120 level before moving down to 117.50 - We sell this pair at 120 level to book profits at aforesaid level, BUT, it is also possible to grab 100+ PIPS of correction by taking long position from the closing price.
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.
EURJPY is forming head & shoulder patter, it could bounce at 61.8% fib support and left shoulder low at 119.32 and target 121.20. A break above this level will target 123.30. SL can be place below 88.6% fb support at 118.50.
I would see price come back again to this Supply area, possibly break or reject. I would suggest a short position when price hit into the zone, and make a short retracement or reversal. I will update further the target for this short entry when time comes. adios.. happy trading
EURJPY making an inverted H&S, if it break the neckline then it's confirmed and i'll try to enter on a possible retest.
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...
The pair kind of rejected to one strong support key level right now. Exactly rejected the previous lower zone. It seems to reach TP1, if break then continue to TP2 or comeback to break the key support level. My analysis in here seems to be exact the same in my analysis in MTP Predictor software. The price just rejected the Decision Point. You may refer to the...