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Eurjpyforecast

EURJPY - BUY or SELL ?EURJPY Full Analysis Description : We’re bullish on monthly momentum, we have also hit monthly resistance and made a pullback last week to previous support which is holding now. Currently, we are having a bullish move which can turn into a Lower High to continue going lower OR it holds within that area to continue to the upside. At the moment, we wait on 4 Hour timeframe to see a clear picture for anticipating buy or sell trade opportunity. ------------ If you are following this pair, please comment below. Also, if you have any question related to this idea feel free to ask in the comment section. Follow for more free ideas like this, if you want me to analysis any FX pair, Gold , Oil , US30 let me know. Best Regards.
by arksid_fx
EURJPY potential for 300 pips move to the upsideOkay traders, We have seen a recent push up on EURJPY pair and it has broken the trendline. The pair pulled back and retested the support already and showing bullish signs which suggest we might as well see another leg of bullish run and this time it should aim for the upper resistance level. As there's plenty of pips we are talking about hence it is prudent to open 2/3 smallest lots and close each trade on 100 pips. (IE 1st trade close at 100 pips, 2nd trade close at 200 pips & 3rd one close at 300 pips to avoid disappointment. In Forex, thing always doen't play out the way we want but we can take advantages when thing fall in places. Once it reaches 100 pips, the trader should move their stop loss to entry position to enjoy risk free trade. Let me know your thoughts. Trade safe and good luck.
Long
by BannaKhan
2
EUR/JPY price standing on resistance Let's take a look at one of last weeks biggest gainers. EUR/JPY did face some serious bulls last week. Breaking through resistance lines like there is no tomorrow. However, price again is at resistance line. This time on daily chart and we predict that this resistance area will hold as RSI and Stochastic shows price is extremely overbought. MACD indicate momentum is dropping and with this information absorbed we will wait for price to bounce of the resistance before entering any Short positions. Let us know what you think about this idea and don't be shy to leave a comment as we always try to reply to them :) Don't forget to follow us here and like our ideas as it helps to grow our channel. Good luck !
Short
by UnknownUnicorn3249870
EUR/JPY retesting previous resistanceLet's take a look at one of our favorites EUR/JPY on 4H chart. We made a lot of pips because of descending channel . However, this channel has been broken and price now is much higher. We now are expecting price to drop to new support line and than either bounce from it or get back inside the descending channel . What do you think about this idea ? Do you agree or disagree with us ? We would like to answer any of your questions or ideas so don't be shy and drop a comment in section below :)
Short
by UnknownUnicorn3249870
3