the instrument is getting sneezed in a triangle which is very much located in a heavy Distribution zone and between the monthly Support and Resistance areas which is a good sign of some upcoming volatility
better to have an eye on it as as soon as break true and pull back we can trigger the trade
we have 2 target areas for both the scenarios
A smooth and consistent buying we saw in this pair ...
As I mentioned in my previous post about EURJPY our Target of 146 achieved.
Congratulations to those who took benefit out of this analysis
250+ pips of pure profit 📈
Euro/Japanese Yen was able to break the resistance lines.
Also, It seems that Euro/Japanese Yen completed microwave 5.
I expect Euro/Japanese Yen to go down at least to Resistance lines like a pullback movement.
🔅Euro/Japanese Yen Analyze ( EURJPY ) Timeframe 1H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please...
Euro/Japanese Yen was able to find the end of wave 5 in the resistance zone and near the resistance lines.
I expect Euro/Japanese Yen goes down at least until the support zone, and maybe more than it.
🔅Euro/Japanese Yen Analyze ( EURJPY ) Timeframe 1H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your...
Euro made a Bearish AB=CD Harmonic Pattern around 144 JPY . We can see point D of my pattern at my TRZ ( Time Reversal Zone ) & PRZ ( Price Reversal Zone ).
I expect that Euro can go DOWN to the Support Zone .
🟢 Support Zone 🟢: 128.8 JPY until 124.9 JPY
🔅 Euro/Japanese Yen Analyze (EURJPY) Monthly Timeframe⏰
Do not forget to put Stop...
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (131.10).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURJPY is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (131.10).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURJPY is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
Currently @ 130.180
We expect the EUR/JPY to continue its uptrend to resistance @ 130.600
If it manages to break above 130.600 then the pair will attempt new yearly
highs @ 131
But if it fails to break resistance @ 130.600, expect it to fall back to 129.8
and attempt to break below 129.8 & test 128
Long term entries
Buys should be placed above 130.800
Sell...
