We have this Technical Bilateral BIAS on EuroJpy, It's following Bearish Trend then should break to the downside and continue the trend. A break to upside could change the short term trade to get it Pulled back on Higher TIme-frame!
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=126.6. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=127.1. TP4: R2=127.6. Set the stoploss of these orders at breakout of S2=126.4. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
Been viewing the EurJpy for about a week. have yet decided if it is a buy on retracement as suggested by some. But as always, Revelation Trading believes in trusting your own eyes and doing your own analysis. So here we present our own road map on how we might trade the Eurjpy in accordance to our simple methodology. Hope it helps:) Reflection: The...
am expecting a short for the pair this week. eurjpy like, follow and comment
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=132.6. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=131.9. TP4: S2=131.5. Set the stoploss of these orders at breakout of R2=133.1. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=132.6. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=131.9. TP4: S2=131.5. Set the stoploss of these orders at breakout of R2=133.1. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
Follow da Waves!! Equal measured move and void fill. Will publish short term setups eventually. Good Luck
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...