TARGET: 52.5 PIPS TP1: 127.781 TP2: 127.504 SL: 129.102
Pending entry at 132.880 Nice short setup. Keep it simple. Cheers :)
Revised, this could be a Bat pattern and possible reversal at trend line. It has been very strong today, so caution is warranted. Possible intraday gartley reversal hourly chart for EURJPY which could point back to the 132.500 level.
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
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
TP1 was 114.410 TP2 113.520 sorry for the late post. :P
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...
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...