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Eurjpybuy

EURJPY HIDDEN BULLISH DIVERGENCE 4H ASCENDING CHANNELEURJPY is making large pushes followed by deep retraces on a 4 hourly ascending channel. Looking at the MACD indicator we can see a potential higher low on the price action while MACD is making a lower low telling us price is at a lower extreme compared to the previous low. looking for signs of strength around the channel bottom would indicate that price is ready to create a higher low which may lead to a retest of the channel high or even a gap close. Highly recommend all risk be cut in 50% due to global factors which simply cannot be accounted for - normally my personal risk tolerance is not more than 2% however i am now reducing that to 1% maximum indefinitely. risk for all trades is 2.00% maximum this particular trade yields a 1:7 risk reward
Long
by Gapping_Hard
1
EURJPY#3--->Waiting to buy:€ / ¥ #Technical_analysis and #Orders Good day, dear #investors and colleagues #traders! Your attention a technical analysis of the currency pair #Eurjpy: #Comment_to_past_week: The currency pair spent a rather restrained trading week when compared with the activity of the market as a whole. After completing the trading week with minimal changes: -20 points (0.2%). The currency pair traded with an eye on 2 important factors, the growth of the single European currency and the growth of the Japanese yen. #Technical analysis: Globally (D1): Eurjpy continues to bargain in the ascending channel, however, she constantly tests its lower limit for strength. So far, investors continue to buy back the asset from zone 118.60-118.80. However, the fact that high levels are getting lower is a concern for bulls. And in the event of a breakthrough of this zone, we run the risk of moving to marks 117-116. Locally (H1-H4): The currency pair continues to move in the downward channel, having spent a week in a wide range of 234 points. By tradition, we call the weekly support and resistance zones: A) Support: 117.12 & 115.65; B) Resistance: 119.48 & 120.38; #Orders_and_position: At the moment, market indicators, both leading ones and indicators of price behavior, demonstrate normalization of prices. Trend indicator: trend is down. - Fundamental data: Given the actions of the Fed, the excessive strengthening of the euro, as well as the situation of the #coronavirus in the EU, it can be assumed that the ECB will go to uncharted territory and introduce negative interest rates. Earlier, the head of the ECB #Christine Lagarde allowed the adoption of targeted measures to support and stabilize the economy and in its normal state. The risk that the main bank of Europe will take this step will force the bulls to fix their positions in a single currency. Also an important factor will be statistics that will be published on Tuesday on # GDP # Eurozone. According to our estimates, the slowdown in Asia began even before the coronavirus, and the export of the 1st Eurozone economy depends on exports to Asia. In view of this, we can conclude that the data should come out worse than forecasts, despite the fact that the data are expected worse than the previous ones. # Deal: Potential purchases. If the indicators demonstrate the necessary parameters and the price consolidates at the necessary levels, we will try to open a long position with a short stop. Regards to subscribers, Ltd ”Wermelgion and Partners Investment” !Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks. Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
Long
by WockBruder
3
EURJPY#2 ---> Waiting to buy:Good day dear #investors and colleagues #traders. Your attention a technical analysis of the currency pair #Eurjpy: #Comment_to_past_week: Despite the omnipotent recovery of the euro across the entire spectrum of the market, it still could not resist the traditional "safe haven asset" of the yen. The Japanese currency was asset number 1 in the previous week. As a result of the trading week, the pair changed by -187 points (-1.55%). #Technical analysis: Globally (D1): #Eurjpy jumps from the lower boundary of the rising channel from October 2019. The border acts as a shopping zone from 118.40-118.80. Moreover, the upper limit of the weekly range limits growth in the area of ​​121.20-121.40. Locally (H1-H4): For a month the currency pair has been in a fairly wide range of 118.44-121.39. Thus, the currency pair is trying to form a steady upward movement, but the current nervousness in the financial markets does not allow it to develop. By tradition, we call the weekly support and resistance zones: A) Support: 118.00 and 116.85; B) Resistance: 120.69 and 122.22; #Orders_and_position: - Leading indicators: Our leading indicators inform us that the pair was in the oversold zone on Friday, however, this morning, the currency pair exited from it and is currently in a normal state. (Neutral) - Price behavior indicators: The pair was not in the "abnormal" price behavior on Friday for a long time, but returned to normal in the morning. Our recommendation for bidders is as follows: A) If you have opened positions in the zone 119.00 and below, hold them before rearranging #stoploss to breakeven. B) If you have not yet entered the market, wait for a possible zone retest, or look for local drops to enter the market with short stops. Market movement should be directed to the top, however, if participants again see sales in the stock markets, we will again see the growth of the Japanese yen. Regards to you, Ltd ”Wermelgion and Partners Investment” !Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks. Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
Long
by WockBruder
1