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Quick Analysis Of EURJPY Using Simple Methods.
Analysis of 4H Chart
- Methods Used For Analysis
- Trend Line
- Fib Retracement
- Support & Resistance
*POTENTIAL 80-100+ PIPS*
EURJPY is now at resistance. Gonna be waiting for confirms strictly with price action.
Otherwise, we will be long to the next zone.
Building my trading journal I will be more committed to posting trades and actually entering trades. I had been struggling with my mental thinking when trading but I have built a strong trading plan now! Follow ...
Currently have what looks like a retracement on the downtrend with EURJPY, up to the 50% zone. It is also sitting around a support / resistance at this level too, there is the potential for a head and shoulders pattern to complete, with indicators showing the bull power slowly running out. This could start the final leg of the right shoulder. I will be waiting for ...
EURJPY Daily time frame - I am anticipating a break out to the upside from the current consolidation on daily and weekly charts. targeting fib extension levels
We have a potential Head and Shoulders pattern forming on this pair, with the right shoulder forming and ending at around the monthly support of 131.000 level. This would coincide with a large demand area for the pair to then turn bullish and begin climbing to the upside. If it breaks the daily pivot level of 132.665 and closes under it I will look at shorting ...
Currently rejecting 0.382 Fib level at 132.213 and I think this level is going to hold, potential short with an entry around 132.000 and if price holds out past daily trendline then this pair could continue to melt down to 130.400 area.
Currently EURJPY is sitting in a wedge on a 4 hourly chart, had a bit of a fakeout last night with it breaking and re-entering the wedge. I will be sitting patiently to see where this heads as I will want it to break out of the wedge clearly and begin shifting strongly in a direction before I make any moves on this pair.
i've decided to use two different charts so that you can understand my process of reasoning. On the left hand side of your screen there's the daily chart on EURJPY and the uptrend is crystal-clear. However, we know that price usually doesn't move straight up or down, instead it creates retracements along the way. So this is obviously a counter trend ...
Hey guys, this is the 1hr chart on EURJPY. As usual my analysis starts from higher timeframe, where you may see RSI is in overbought condition, and price action is now testing a key level of structure looking left. With that being the case, i want to seek for short opportunities on lower timeframes such as 4hr and 1hr.
On the hourly you can see a nice double top ...
Confluences are on the chart.
Confirmed downtrend with lower highs and lower lows
Looking like its reversing into 5th wave
MA crossover on 4hr TF
Rejection of long term trend line with tweezers forming on the daily TF
My tip is wait for the daily to close as a doji or spinning top. Stops above previous spike (122.090)
Two days before the first round of the presidential elections (23 April), the uncertainty remains high. Take the opportunity of a risk-friendly scenario or a strong risk aversion scenario by pending orders of both sides. The nightmare scenario for the market would be a second round between Far-left and Far-right candidates. Trade the EUR against JPY, considering ...
EURJPY broke out of triangle pattern. Multiple rejections faced - Pair to go down to 118 level and beyond if price action still remains bearish with no sign of q reversal
i want to share with you this outlook i've drawn on my chart. You can see 3 different advance pattern formations are setting up right now. I consider those to be three valid reasons to get involved in the market. You know stop would go above/below X, and targets at .328 and .618 AD retracements.
Don't tell me it's not beautiful.
Good luck in the ...
Come down to the bottom of the range.
I have a buy signal.
The Weekly is also quite interesting and we have pulled back to an old Resistance level.
I'm still looking for a RR of 1:3
Approximately 55 pips available. Market has reached a level of support on the 1hour chart. Market has been in this range since 22 September, with reliable recent evidence of market activity remaining within this range. Low risk entry of around 9 pips, with a reward of around 55 pips.
Hi guys, it looks like we have a possible eurjpy swing, by the looks of it there was already been a rejection so a nice time to enter the trade. if the trade does not go our way, look to leave with a solid candle break of the trend line and as allways use Heikin Ashi to take profit. Enjoy and good luck.