EURJPY Short Opportunity Confluences: 1) Price has been rejected many times from the top half of a 3-month range 2) In the Weekly timeframe and 1H; 9 EMA is crossing the 21 SMA to the downside 3) Big bearish engulfing candle closed last week 4) In the Daily chart; price broke the 100SMA last friday 5) Price broke the bottom support of the said range and has...
EURJPY - Stuck within a range. At this current moment of time, if you look at the pairs of the majors EURO and YEN, They both actually in a range combining the minor pair EUR/JPY this makes sense to be in a range as well. Fundamentally, we do have the FOMC this week on Wednesday, which could increase the volatility towards these pairs majors and the minor pair...
Price has formed a double top pattern on the weekly resistance level and has already broken out of its neckline. A retest or pullback at the neckline would be a good entry for shorting this pair.
#EURJPY (Update) In Daily Chart, Trendline Breakout Done & Now Heading towards the Major Resistance (121.00) But Before that It Might Retest the Trendline (119.20) Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!
I'm noticing the EURJPY is running into the overall daily downtrend right now and could be ready for a short if conditions are right. I'm being relatively cautious about this one because it it could turn on me and push up to daily resistance around 121.4. Additionally, although this is a short, I'll only be looking to take profits down to the 61.8 fib mark,...
EURJPY downtrending on higher TF with yesterday's daily candle (spinning top) indicating slowing momentum from last Thursday's bull run (up from a 3 year daily low) and a potential reversal. Further indication of this is the observed rejection of the D1/H4 downtrending TL. On H1 we observe price being supported at the 116 psychological level. I am anticipating a...
buying some below 118.490 for 0.25% to 0.50% target only 30 min candle close above trend line else wait for trade to complete
the pair to find a support in the near term to complete a 3 waves pullback at which we will be waiting to short the pair again.......... towards 116 Level !!!!!! if you are a risk trader you can enter shorts from current levels however the stop loss will still be at the same levels as shown on the chart. Good Luck!!!
EURJPY analysis Here is the setup for this trade: EURJPY Sell at 120.985 Stop Loss at 122.967 Target at 117.097
EUR/JPY had a strong impulse to the upside last week, now is approaching back the lower band of the channel. Retail traders are 50 50 on this pair, market makers will probably keep the price in a range for short term. From a technical perspective, we want to see this pair retest the 122.50- 80 resistance zone. Best entry for longing EUR/JPY is just under the 200...
EURJPY currently uptrending. A weakness in JPY has been observed with XXXJPY pairs rising over recent days. However, this pair has came to a halt at the resistance zone forming a triple top. We look to sell to meet the upward trendline. Potential short for 150+ pips once price action confirms bearish reversal.
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (119.03). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (118.16). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
Looking at EURJPY price broke out of the Ascending channel impulsively and made a Bear flag confirming the momentum to the downside looking for reentry on this pair as a scalein opportunity to take the trade to the downside
I was tracking the daily range and the break of the trendline for the high high and we are now retesting the breakout zone of the trendline and Im looking for the higher low . This brings us to the main chart where Im tracking the big ECB candle from the 12th of September -Notice we tested the lows but didn't break and after the test we broke the H4...