EURJPY is rising towards an overlap resistance, a breakout could lead the price to rise to take profit level.
Buy entry is at 161.867 which is an overlap resistance.
Stop loss is at 160.294 which is a level that lies underneath a pullback support which also aligns with 61.8% fibonacci retracement.
Take profit is at 163.574 which is a swing-high...
EURJPY cuts down the uptrend line. At the same time, the price broke through the resistance zone at 161.89.
Currently, the price is recovering to backtest the resistance zone.
At this point we can consider entering 2 orders
#1 SELL
SL: 163,047
TP: 158,414 about the 50% zone of Fibonaci
#2 SELL
Stoploss: 163,047
Takeprofit: 155,490 about 76% of Fibonaci
#3...
EUR/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 161.964 which is a pullback support that aligns with the 78.6% Fibonacci projection level.
Stop loss is at 161.32 which is a level that lies underneath an overlap support that aligns with a confluence of Fibonacci levels i.e. the 38.2%...
EUR/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 162.649 which is a pullback support.
Stop loss is at 162.200 which is a level that lies underneath a pullback support and the 23.6% Fibonacci retracement level.
Take profit is at 163.720 which is a pullback resistance.
High Risk...
In this live trading video,we explore the idea on if we should set a target on our JPY positions of EURJPY and USDJPY. We explore the reasons for when we should set a target and when we should not. You can cross transfer these principles on any strategy.
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
EURJPY could continue the downtrend and reverse to the take profit level.
Sell entry is at 160.299 which is a pullback support level that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 161.722 which is a swing-high resistance.
Take profit is at 158.166 is the overlap support.
High Risk Investment Warning
Trading Forex/CFDs on margin...
In this video we can see that eurjpy pushed up past the previous highs and had a retest of 161.250 area and could continue this bullish move to the upside toward 162.500
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** EURJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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The EURJPY could continue with the bullish momentum and rise to take profit level.
Buy entry is at 161.721 which is a swing-high resistance.
Stop loss is at 160.249 which is a level that sits above the pullback support.
Take profit is at 163.649 which is a swing-high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
The euro is showing multiple signs of bearish price action. my prediction is that most of the euro will be bearish for the rest of the week but these 3 currency pairs are all high probability trades for me. watch these bearish trades with me:) thanks for watching and watch my ideas and watch how accurate they all are.
*Eurgbp
* eurjpy
*euraud
SHORT
EURJPY is rising towards an overlap resistance and could potentially rise higher to our take profit level.
Buy entry is at 160.276 which is an overlap resistance that aligns closely with the 61.8% Fibonacci retracement level.
Stop loss is at 158.510 which is a level that sits below a multi-swing low support.
Take profit is at 161.761 which is a swing-high...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
