Morning traders ! Today i show you my view about eur jpy . This cross is moving into a rectangle from more than 1 month , the resistance of the rectangle is around 132 zone while 129.5 zone is acting as a support. In 1h timeframe i've spotted an ascending triangle already formed. The breakout of this triangle may be the signal to go long till 133.5 zone , another...
The EURJPY price went down last few days and getting close to the major resistance level at 130.60. This is the area, where the most buying orders are expected to be placed. Moreover, the sellers will lock their profits, which will push the price up as well. Also, the price completed the cypher pattern formation. This increases the probability of this setup to go...
The EURJPY moves sideways last few days and this creates good opportunities for harmonic pattern traders. The market is going down today and if it continues and touches the support area at 130.64, there will be a setup for long. The price respected that level multiples times already and it is more likely it will do it again. The buying orders are usually placed at...
We had an awesome run on EJ in total about +480 pips. Now every Tom, Dick and Harry know that EJ is bearish. So, it may due for potential rebound, so enter short with care. As long as the price is below 132.6 regions, I will look for a short entry only. In a mid-term (3 to 6 months), it is going lower and the next support is 128.8 level. Trade Safe...
Price has stopped in a resistance level (129,00 aprox) showing a clear bearish setup. Price is showing a corrective structure(flag) wich has rejected 61,8% of fibonacci retracement. Also, price is below MA200. We must see a clear breakout of the corrective structure to think about a short trade.
Add long at key support area 1.2800, target 1.2950
LONG AT 129.5X OR 129.3X. TARGET 130 OR 132/134 (IF EURO/USD GOES TO 1.18-1.20) BREAK 129 WILL SEE 128
Hey Traderz! Today, I have found a very good setup. Now, I already have a long position - for testing purposes. What I see is the following: On Monthly Chart there is a huge double bottom Both Weekly and Daily Chart provides information of going long on this pair We know that Euro has overachieved almost every G10 currency with an advance of 6%+ this year...
Bullish Flag The price is most likely to do a lower low in the zone of 120.20 61% Retracement of AB.
This is a quick trade. I anticipate it should hit soon. Profit target not far away, but since I feel it's a high probability setup, I suggest jumping in anyway. I'm a set and forget trader, but in this market, I'll do a confirmation entry. The only downside to confirmation is that you may miss out on the opportunity. My personal strategy, if price trades from the...