SUMMARY:
The EURJPY pair bounced slightly during the course of the day on Friday, using the 113.28 level as support. At this point in time, the market is looking bearish. The primary trend of EURJPY is bearish on charts and price is trading below its support trend line in its 1 hourly chart. In its daily chart the price is sustaining below 200 day SMA that are...
Multiple pin bars signaling strong selling pressure along the 113.300 support. Price action broke through finally and activated my short.
Entry 113.296.
TP 112.220
1. Price may continue going down to .382 (S3), if it breaks the S3 price should retrace off the channel and go into an uptrend.
2. Possible reversal at 122.417 & 122.216
4. Once the resistance level at 122.739 is broken it turns into support for the uptrend
5. Once uptrend starts price may retrace 2 times before reaching target.
6. Watch for the retracement and...
SUMMARY:
The current trend of EURJPY is bearish on charts and price is trading below 50 day SMA and 200 day SMA with appearance of dead cross on 4 hourly charts. It is having an important support at the level of 123.12 and resistance at the level of 123.85. On chart it made a symmetrical triangle. If it breaks its support level on the downside and sustains below...
In next few hours EURJPY will hit 125.150 - 125.160 target and may continue uptrend even another 100 or pips upto 126.400. This is not advice or recommendation for any trade. It's my own trade journal to keep track of accuracy of chart readings.
EUR/JPY ( 30 MIN. )
SUMMARY:
The secondary trend of EUR/JPY is bullish on charts and price is trading above the trend line in its 30 min. chart. In 30 min. chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 125.00 and support at the level of...
Today's Chart: :EUR/JPY ( HOURLY )
The primary trend of EUR/JPY is bullish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining above 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 131.65 and support at the level of...
Hello Traders!
We would like to present EurJpy forecast. (3-rd variant)
Sell limit - 129.000, S/L - 130.500, T/P - 126.900
Best regards, Powerful Traders.
Hello!
Definitely, there is the Global Downtrend! But to the end of this year, we have two variants.
1) Long - S/L131.000, T/P133.700-134.000
2) SHORT - Sell Limits near 134.500 - 135.000, S/L 137.140 (EWP rules), T/P 123.500
Please, if you want to enter the market, first of all, use the Market Profile, Volume, Cluster&Delta analysis, Depth of Market and...
