Euro pairs went to correction last night and today we are expecting it to continue its bearish trend. We can sell this pair at 1.2685-1.2695. Stop loss and take profit as shown in the chart. If interested in other pairs, please view my ideas in the links below.
The Euro has lost strength vs the Dollar and the Yen. It has arrived the zone which I think could be the next turning level. On the upside (129) it´s swing trend level and on the downside it´s the fib retracement 61.8% of downgoing fib at 123. If the price falls even beyond this zone the EW-analysis would be wrong (because 4 can´t be lower than 1). To confirm this...
YEN pairs seem to be showing the possibility to strengthen considerably against all majors. Technically speaking, EUR, GBP & USD all fade against the all mighty YEN. This can only mean one thing: risk-off period. Bears coming out again for another dip. EUR/JPY Technicals: - Larger degree correction still leaves room for more down-side. - Ending Diagonal...
Planning for my next battle quick day trade. Ok so I expect the price to bounce in that box I shown, or at the very least on 129 Yen. If it doesn't, there's a long way till next support I will look at it then, and if it bounces I'll check target then, probably a few dozen pips - 100.
An interesting chart for the EURO - YEN pair. The pair is within a symmetrical triangle - the upper side the beginning in 2009, the lower side the beginning in 2012. In 2014 the price touched the upper side - this was the beginning of the ABC-correction. In 2016 it tested several times the lower side before climbing up to the peak of wave 1 of the motive...
Basic Technicals. Long from 132 handle aiming to bag 250-300 pips out of this move
Total Profit: 4198 pip Closed trade(s): 766 pip Profit Open trade(s): 3432 pip Profit Trade Setup: We opened 11 SELL trade(s) @ 134.06 (day close price) based on 'Peak' at 2018.02.07 signaled by our "Daily Trading Opportunity" . Closed Profit: TP1 @ 133.25 touched at 2018.02.08 with 82 pip Profit. TP2 @ 131.65 touched at 2018.02.14 with 242 pip...
Last week price broke above key resistance at 133.324 before coming back to test and hold as support. This provides a great place to look for Long opportunities towards the targets and next key areas of resistance to the upside at 134.834 and 136.723 respectively.
i am long a t 131.76 for target a pullback to 131.36 so is 60 pips is a short time trade its largely oversold so a pullback of 60 pips need to come esily also just on weekly support enter at 131.76 Target 132.36 60pips gains goof luck
Daily outlook: EUR/JPY down by 1.19% Contrary to expectations, the Euro broke out from a symmetrical triangle in the downside direction. In the process, the currency rate managed to bypass the medium-term ascending channel’s bottom trend-line, the monthly PP and R1 and the weekly S1 and S2. Even though 70% of traders continue to remain bearish on...
Last week's last trading day, we've seen the Euro -- after its extensive pushes -- take a rest before any possible strengths to come. Along with this was Yen's upside push due to impressive economic data. As drawn, which is best viewed at 1-hour chart, we can see that prices have fallen below the 200 sma (I use this as a basis for possible early entry for trend...
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...
EURJPY - D - Long 61.8 retracement, following correction and retest of major daily down trendline.
Looking for a reason to buy Euro Yen? give this correction some more time!