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Eurjpybuy

EURJPY, 4hr tf, EMA-200 support to fuel buying pressureHello everyone, As you can see EURJPY has been moving in a sideways direction for the whole December. It is moving in a tight 80 pips range and i think we might soon get a real buying pressure. If you look at the daily chart, EURJPY previously broken above an inverted head and shoulders pattern. The measured objective of this pattern count should be around 128.20 area. EURJPY has managed to closed above 126.60 resistance twice on 4hr tf. The next time it closed above it i think we will see some strong buying pressure. For now, we will try to trade inside this range because it still offer a good trading opportunity. We could also consider this sideways movement as a flag pattern and i think it will be a bullish flag. Buy limit EURJPY 125.85 Stop loss 125.60 Take profit 126.60 (3R) RR Ratio 1 : 3 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
EURJPY - SWING - 21. DECE. 2020Welcome to our weekly trade setup ( EURJPY )! - 1 HOUR Sideways moving market structure! 4 HOUR Expecting another push to the upside.. DAILY Overall bullish market in consolidation now. - FOREX SWING BUY EURJPY ENTRY LEVEL @ 126.210 SL @ 125.770 TP @ 126.860 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
35
EURJPY - SWING - 14. DECE. 2020Welcome to our weekly trade setup ( EURJPY )! - 1 HOUR Bullish closure above main sr level. 4 HOUR Prices moving sideways, expecting another push towards the upside! DAILY Overall bullish market structure in consolidation.. - FOREX SWING BUY EURJPY ENTRY LEVEL @ 126.100 SL @ 125.840 TP @ 126.630 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
10
EurJpy- Can break above 127In my last EurJpy, I said that I expect 125 resistance to be broken and the price to reach 127 zone. This happened and we may ask, now what? As we can see from the chart, the impulse for EurJpy is strong and although we have a normal correction from 127 zone, this is forming a flag. I expect the bulls to defend 126 zone and eventually EurJpy to break above 127. Also, a break above 127 would be a signal for a long term change of trend. P.S: UsdJpy looks like will go above 105 and also EurUsd is in a strong uptrend on the medium-term, so would mean a perfect situation for buying EurJpy
Long
by Mihai_Iacob
5
EURJPY - SWING - 26. SEPT. 2020Welcome to our weekly trade setup ( EURJPY )! - 1 HOUR Strong break and pressure! 4 HOUR Sideways moving market structure..Expecting another bullish wave. DAILY Overall in a bullish market after a pullback. - FOREX SWING BUY EURJPY ENTRY LEVEL @ 123.990 SL @ 123.450 TP @ 124.810 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
22