So the Bank of Japan meeting is next week and we are at an interesting junction regarding Yen pairs and the situation Japan is currently in. Saving you a couple of paragraphs of reading, I will straight up say that I think EURJPY puts expiring next week Friday 26th are worth a while. Now, let me delve deeper into the reasoning behind why this trade can prove to...
After not being able to move up to the specified area as mentioned in the previous analysis, it is currently in wave C due to the breakdown of the structure, which has continued to correct up to the 1.618 area. If an upward correction is made up to the failure zone, in the absence of a failure, a sell position can be entered up to the green zone.
EJ has completed the 12345 wave and now will be heading back to the previous wave 4 according to EW theory. Let me know if you have any questions! Trade safe!
EUR/JPY Has been on a significant downtrend. It has recently made a new high and a divergence on the Relative strength index to the upside. It has now reached the order block in which the high was formed by. I am expecting a high to 161.300 and then further downside from there. Trade Safe
We see a wedge pattern in the EURJPY and a negative divergence in the RSI indicator. If the wedge pattern breaks, we expect the price to fall to the range of 160.00.
Could this be a possible sell for EURJPY? Base on what price price action is showing, the market seems to have reach a supply structure. We see sellers pushing the market down. Let's see how this will play out.
**Strategy: 50 EMA + Heikin-Ashi + Stochastic Oscillator** **Indicators:** 1. **50 EMA (Exponential Moving Average):** It helps identify the overall trend direction. 2. **Heikin-Ashi Candles:** These modified candles provide a smoothed representation of price movements. 3. **Stochastic Oscillator:** It helps identify overbought and oversold...
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.
Please make sure of them and do not risk, this is our analysis and ideas. Please observe the capital carefully and do not risk more than 1% of your capital. Good luck to everyone
FOREXCOM:EURJPY This chart seems congested however I added comments and titled mporant key factors for this analysis. Earlier in the week I published a trade idea on this pair of which 1 trade won and another did not win. Fortunately I was able to cut my losses on the 1 trade and secure profits on the other trade. I have been keeping my eyes out on this pair for...
The pair has moved lower first, but not a lot, and the stochastic is trying to turn now. I feel we should lower SL to around 161.90 and observe. Overall I do see a decline, but if we can do better on the pair, we should be appreciate resistance and support levels. Right now the resistance is around 161.80 area with a still negative stochastic Strategy SELL...
As we can see in the chart a Rising Wedge have formed along a bearish divergence on the RSI which indicated the decreasing Volume and Price is already on the premium area which shall be corrected on the hourly timeframe soon. If this wedge breaks downwards then we can expect the price to test the Daily Trendline for a Higher Low. If this happens then we can...
The EUR is expected to be bearish in the coming days while the JPY will be positive
Based on the strategy, 70% chance of success. We usually have a price reaction or return after reaching the target. The strategy is personal and allows buying or selling only based on the shape of the candle
A pattern with a pattern and the there is a ascending channel with the structure
EURJPY is falling towards an overlap support and could potentially break off this level to our take profit level. Sell entry is at 160.940 which is an overlap support. Stop loss is at 162.840 which is a level that sits under a pullback resistance. Take profit is at 159.471 which is an overlap support level. High Risk Investment Warning Trading Forex/CFDs on...
#EURJPY UPDATE Hey Traders, Hope you are enjoying our trading analysis. We are here to update you about our another analysis about #EURJPY. EURJPY is in uptrend according to the 4 hr time frame. Here we can see that it is forming a new high each time. So we can expect that it will form a new high after retesting the mentioned zone. So we can take a small...