BAT PATTERN PAIR: EUR/JPY TIME-FRAME: 1HR TRADE: BAT PATTERN If we don't get a close above our A point of the pattern, then we will still have a valid Bat. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: facebook.com ...
BAT PATTERN PAIR: EUR/JPY TIME-FRAME: 15M TRADE: BAT PATTERN Looking at a Bat Pattern at market if we don't close below our X, the pattern is still valid. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: facebook.com ...
Possibily another chance to short this pair and look for new lows into the extension levels
Read text written in the chart
EUR/JPY price action was rejected from double top at 129.47 (Jan 5th and 27th), day's highs were also capped at 129.47. The pair has been trading a falling wedge pattern, and scope builds for further downside. Stochs are at overbought territory on daily charts and have shown a bearish crossover, RSI also points south. Bearish invalidation only on breaks above...
details on the chart, however here's some explanation: The purpose of the SWA approach is not to name the wave, but to make money out of the next swing of a tradable period. To get a deeper understanding of the approach, that can open a new doors for your trading, please contact. Impulse move (impulse wave), or the move towards the presumed main trend...
EUR/JPY extends upside as demand for yen rises on risk-off seen after stocks came under pressure (both Shanghai and Nikkei 225 are going through an aggressive round of selling). Technically, the pair has broken above strong 5-DMA resistance which is currently at 127.89. Daily Stochs and RSI have rolled-over from oversold territory and are biased...
EUR/JPY is extending consolidation after bounce from trendline support, we await confirmation to go long. The pair finds strong resistance in the 127.85-128.55 zone, further upside can be seen only on breaks above. Consolidation seen after bouncing off trendline support at 126.77, upside capped by 10-DMA at 127.94 for now. Immediate support on the downside is...
BAT PATTERN PAIR: EUR/JPY TIME-FRAME: 1HR TRADE: BAT PATTERN There's a potential Bat Pattern forming on the EUR/JPY 1 hour time frame. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart FACEBOOK: facebook.com YOUTUBE: www.youtube.com
EURJPY eyeing the GEO OFF-SET RULE at point 4. If we see further decline to 5" look for point three as your next probable target.
SL @133.40 EP @133.20 TP @126.90 RRR: 31.5 Risk: (20 Pips) Reward: (630 Pips)
EUR/JPY hit fresh 9-month lows around 127.32, but pared some losses to egde slightly higher as the yen trims gains amid a minor-recovery in the Japanese stocks. The pair has broken major trendline support at 128.67 levels in Tuesday's trade and is currently trading around 127.50. Price action is below all major moving averages on daily charts, momentum studies...
The cross area between all the trendlines in my opinion could offer a nice long entry with a stop loss below the blue horizontal line and a first target at the 131 area. I am still waiting for price to unfold and see the closes of the candles. Good luck!
My opinion for FX_IDC:EURJPY from a technical standpoint. I am waiting to see a few bars and their closes.
bearflag. target coincides with the bottom of the D1 channel.
EUR/JPY gains post ECB last week was halted by the daily cloud, we see scope for a drop back to around 132.10 levels. Price action has edged back into the cloud, but strong resistance is seen by 200 DMA at 134.09, the pair has been trading in a narrow 134.21 - 133.29 range since Monday. Falling wedge formation seen, daily Stochs are in the overbought zone,...
EURJPY is getting rejected at the weekly/daily trend line resistance and is in a favorable position for a short with RR 1:1 as an initial target