EurJpy- I expect a violent break to the upsideThe long term trend for eurjpy is clearly up and the pair is consolidating gains for over 2 months now.
If we ignore the false break of 126, the range is pretty tight, between 126 and 127.
Now the pair seems to press on resistance and I expect a strong break and acceleration
My target for long position is 130 and only a daily close under 125.50 would change my mind
Eurjpyforecast
EUR/JPY BUY IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you. As always we will have to wait for a confirmation!
EUR/JPY: Daytrade-Preparation
Market-Buy: 127,090
Stop-Loss: 126,690
Point of Risk-reduction: 127,350
Take-Profit: 127,990
Stop-Loss: 40 pips
Risk: 0,5% - 1%
Risk-Reward: 2,25
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Peace and good trades
Irasor
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EUR/JPY Tapering To a PointI have previously mentioned that this is near a major downward trendline. There is also a lower trendline which has the price on this tapering to a point. Price is looking more likely to breakout higher from here providing it breaks the resistance. If it does then we can look for a long after a retrace, keep in mind there could be a false breakout although with this being so close to the point I think this is unlikely. Either way confirmation of a rejection from the support level needs to be waited for.
EUR/JPY Now Rising Off SupportThis is now rising from the support I marked out on this pairing 3 days ago. Unfortunately for those that may have entered the long when I posted it may have just touched the SL, hopefully it just avoided as it is now rising again. MACD is set to go bullish above 0 and EMA's are about to cross over. I have set TP at the previous high of 127.344. SL just below the recent lows on support. Keep in mind there is a very major downward trendline just above.
TP - 127.344 or at trendline
SL - 126.050
EURJPY, Big Picture..!T.A Review:
Symmetric Channel Formation
127 seems to be rejection zone
Falling Wedge on Lower TF.
If 127 holds then we'll be dipping hard till
122-123 atleast
Else
If breaks above and holds then 130 incoming.
F.A Review:
Dollar strengthens and Covid can't be ignored.
FED decisions, NFP,ISM and PMI are on the way
as well. Market will be highly manipulative this
month.
EURJPY possible bullish target 127.90professionals increased 5% short jpy by last week. Commercials increased 1% long positions as well. Net Impact of 6% short in jpy. one & five year bullish extreme jpy as well. 17th January weekly bar is key reversal bar made a new low closed off the high. 24th weekly bar is Insurance bar dictating continuation bullish rally.
EURJPY: retest of the resistance?Hi Traders,
This is our view on this cross for the next few days.
#EURJPY
BUY 126.58
SL 126.36
TP 127
We remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if the rules of our strategy are strictly respected.
Eventually, any updates will be given in the comment section below
EURJPY- Sell Trade Start << Lets WatchDisclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money management.
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Thank you for your support!
||ARE YOU THE SHEEP OR THE WOLF ? (EURJPY)At first glance when you look at this trade you clearly think its going down , which isn't wrong but its the timing that's off by a bit
over time you will come to realise the same eyes you use to see the market are what every body uses too, and that makes you part of the herd and a sheep
and boy are you destroyed !!
this is what I see yet, many of you see bearish sentiment , my hope here is to challenge your first sight instinct but not deter its initial intent
as you will observe we will be shorting this trade but for now we are looking for buying positions ,contradictory but walk with me maybe I can breach a barrier in your assumptions
expecting a pullback in price all the way back to 126.6x and then triggering my shorts to see some off loading of buyers