EURJPY long based on Mongerskit Trading SystemWe had a buy signal generated on FX:EURJPY supported by our technical analysis .
Incase of a pullback, we expect a retest of the daily support and a rally to top.
Eurjpybreakout
EUR/JPY - 100 Pips OpportunityEUR/JPY might actually go up 100 more pips. The confirmation is still not clear and needs more time. However if it holds it's support then we can expect this move to happen.
That being said, wait for the confirmation and invest properly.
Happy trading!
EURJPY The price of D is good support 1.90 AB=CD Price At 114.85
2.00 AB=CD Price At 114.60
So the price of D is good support
EURJPY The ABCD pattern show the D price is 118.15On day chart the Price have reach the 50% Retreated level
On 4H chart the RSI below 30(show oversold)
The ABCD pattern show the D price is 118.15
Good luck
what's most importantEURJPY found support last year at the lower bound of a multi year channel (109.50) and a swift recovery has taken shape since then. It headed towards an intermittent hurdle near 124 the 76.4% retracement from march2016.
Currently the pair is retesting the channel limit at 11.70 in what appears to be the fourth wave from an elliot perspective. With the daily indicators closing in on support 119.70 should contain nearterm downside.
A break above will take it towards 122.50/123 with the next handle at the recent high of 124.
eurjpy daily chartAs mentioned in previous post we found support last year at the lower bound of a multi year channel at 109.50 and a swift recovery has taken shape since then.
A recovery appears plausible towards 121. A break above will take it towards 122.50/123 with the next handle at 124.
All the best and trade with care.
Thanks for your support.
still long EURJPY @ 1h @ trading capability this 52nd week `16This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
long EURJPY @ 60 min @ trading capability for this 51st week`16This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
EURJPY Pending Sells, model suggests large move comingMorning guys,
Glad we all managed to make some on the eurusd trade yesterday at 1.08298, with the ECB offering a bazooka purchasing bonds with a minimum one year maturity including those with yields below deposit rate (-40bps).
EURUSD has begun its move toward parity in coming months, most likely before the French Elections. If anything the ECB policy meeting yesterday confirms that stance. Whilst mapping out the political landscape with Netherlands election in March, France April/May and Merkel losing ground to populist parties. An election in Italy should not be ruled out either given the limits on the banking system particularly stemming from Italy.
Technically speaking, selling rallies into previous areas like this are a nice play, it is possible that we have missed the eurjpy move coming close with no cigar. It is also expected for those who are in the 1.08x shorts on eurusd that we will see a pullback, staying short and selling rallies is a good play where FOMC will be raising rates.
The model is implying a large trend change will come in January 2017 so paying attention to events ahead will be imperative moving forward.
Likes and comments are always appreciated, and please expect me to go on about my euro parity call for so long once we get there :)
EUR/JPY, DAY CHART, NEUTRAL-SHORT (4-DEC-2016)We have 2 options for this trade:
Plan A: Waiting for 1-2 more bearish signals to short
High Risk to Reward Ratio
Plan B: Continue with the trend
The price breaks the resistance zone,
wait for pullback and go for long :)
EURJPY BULLISH SIGNAL CALL.The price finding support area at 115.46-116.63. Bullish as long as support area at 115.46 remains intact. As intraday trading strategy. we must get bullish signal confirmed by trading above 117.764 with potential target at 119.03- 119.89.
EURJPY Trading Tips and Market Analysis 4th July 2016SUMMARY:
The EURJPY pair bounced slightly during the course of the day on Friday, using the 113.28 level as support. At this point in time, the market is looking bearish. The primary trend of EURJPY is bearish on charts and price is trading below its support trend line in its 1 hourly chart. In its daily chart the price is sustaining below 200 day SMA that are appears on the above image indicating downtrend of the pair. It is having an important resistance at the level of 115.50 Support at the level of 113.28. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
INDICATORS:-
MACD is sustaining in its negative territory indicating the bearish trend in the pair.
RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair.
STRATEGY:
EURJPY is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.
Likes and comments much appreciated here guys, thanks.
www.tradingsignalreviews.com
EUR/JPY1. Price may continue going down to .382 (S3), if it breaks the S3 price should retrace off the channel and go into an uptrend.
2. Possible reversal at 122.417 & 122.216
4. Once the resistance level at 122.739 is broken it turns into support for the uptrend
5. Once uptrend starts price may retrace 2 times before reaching target.
6. Watch for the retracement and exit trade "long and re-enter "Short" until the indication of the next uptrend
1,260 or more Possible Pips gained, if entries are on time
EUR/JPY Forex Trading Tips & Market Analysis 14th April 2016SUMMARY:
The current trend of EURJPY is bearish on charts and price is trading below 50 day SMA and 200 day SMA with appearance of dead cross on 4 hourly charts. It is having an important support at the level of 123.12 and resistance at the level of 123.85. On chart it made a symmetrical triangle. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
INDICATORS:-
RSI is sustaining below 50 in its selling zone indicating the upcoming bearish trend in the pair.
STRATEGY:
On the down side break out of symitrical triangle on charts on can go for sell for next few trading session.
www.tradingsignalreivews.com
EURJPY 1hr 2mo wedge breakoutcrossing short term MA and the big blue holding as resistance at the top of the wedge. If we break through that there is significant upside coming; downside is a trade with the trend to at least the bottom of the wedge
Forex Market Analysis & Trading Tips EURJPY Long!EUR/JPY ( 30 MIN. )
SUMMARY:
The secondary trend of EUR/JPY is bullish on charts and price is trading above the trend line in its 30 min. chart. In 30 min. chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 125.00 and support at the level of 124.05. If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.
INDICATORS:-
MACD is sustaining in its positive territory indicating the bullish trend in the pair.
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.
STRATEGY:
EUR/JPY is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.
Let me know how you get on!
www.tradingsignalreviews.com
