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Eurjpyforecast

Hi traders. Possible bull trap formingHello Traders, Avramis Swing has suggested a possible Bull Trap forming on EUR/JPY H4 Chart @125.774. The Fibonacci levels outline potential targets, with an invalidation level at around 126.729. Let us know your thoughts in the comment section below. We will execute this trade once all our rules are aligned. We suggest keeping this pair on your watchlist. Trade Details Entry: Sell Stop @125.774 Stop: 126.729 Target 1: 125.211 Target 2: 124.256 Target 3: 122.699 Time Frame: H4 Trend: Down Pattern: 11 Overall score: 5 We suggest closing half your position @Target one and moving your stop loss to the breakeven level. Leave the remaining position for Target two.
Short
by AvramisSwing
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
EUR/JPY SELL IDEAHey tradomaniacs, welcome to a new free trading-setup. Note: This is meant to be a preparation for you. As always we will have to wait for a confirmation. EUR/JPY: Daytrade-Preparation Market-Sell: 126,050 Stop-Loss: 126,550 Point-Of-Risk-Reduction: 125,625 Take-Profit: 125,050 Stop-Loss: 50 pips Risk: 0,5% - 1% Risk-Reward: 2,19 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
2
EURJPY | Perspective for the new weekAs the bulls are trying to break up the resistance level of Y126.620, price is caught in Double Top situation where a reversal is possible in the coming week(s). Tendency: Downtrend ( Bearish ) Structure: Double Top | Supply & Demand Observation: i. Since the beginning of the month, buyers have found it difficult to push the price beyond Y126.620 with a second attempt culminating with a sharp rejection of this level on Friday. ii. Price is presently within a significant zone (Y126.500 & Y127.000) - a Key level from the perspective of our weekly chart. iii. Double Top: The appearance of an extremely bearish technical reversal pattern forming after price reached Y126.600 two consecutive times with a moderate decline between the two highs is a harbinger to Sell for me! iv. However, it is important to note here that I shall be looking out for a Breakdown of the Y126.00 level for sell confirmation in the coming week. v. This been said, a Breakout of level Y127.000 with significant candles will disregard this bias and a shift in perspective for a rally will emerge. Trading plan: SEL confirmation with a minimum potential profit of 150 pips. Risk/Reward: 1:3 Potential Duration: 4 to 10 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry