EURJPYEURJPY is hovering around a key area of support/resistance. Which we broke through and now is resistance, we might see a retest of the area which aligns with my ascending channel. Will be looking for a third tap of the top of the trend line for a short entry if it gets to that in a corrective manner. If it breaks the structure impulsively will be waiting to see if it is a possible retest of the ray line above and will be watching how it gets to that area.
Eurjpyidea
EURJPY long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
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EUR/JPY Technical Analysis.Currently, EUR/JPY is trading at 119.58. The pair started a new down trend on 8th June and after giving the exit signal on regression trend by breaking the support level, it consolidated between the resistance and support levels. After breaking the support level and neck line at 120.68, the pair continued the down trend, its first target price for the down trend will be at 119.31 and the second target price will be at 118.47.
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Rishikesh Lilawat
EURJPYTime = 1H
– Structure = Downtrend
– Pattern = Head & Shoulders
– Tendency = Downtrend
** Await market for Neckline breakout
Time = D
– Structure = Downtrend
– Pattern = Downtrend channel
– Tendency = Downtrend
** Above Chart indicated with Heikin Ashi FOR CLEAR VISION
GOOD LUCK
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EUR/JPY Technical Analysis.Currently, EUR/JPY is trading at 119.81. The pair is trading in an up trend from 18th May after breaking resistance level at 116.12. Altough, the pair has already touched its first target and second target. It may start a new down trend if it breaks the support level at 119.44.
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Rishikesh Lilawat
EUR/JPY - Price Has Reach Supply Zone Nearing 119.00Hello Traders!,
What Is The Market Telling Us?
Strong bullish momentum in the market after reaching 2-year low
Price is over-extended as it is far away from 50EMA (Price always returns to MA)
EUR strength could be at a hold after reaching supply zone made form early April
When Should We Enter?
Best time to enter would be once a clear bearish pattern has been completed on the lower timeframe
If price continues to rise slightly or there is no clear pattern, I expect a downside turnaround @119.00 level
Possible Long on EURJPYPerfect Gold setup here. I think this could be an 80 pip long. Here's why...
200-EMA holds as the price bounces off it in the support zone
price seems to be breaking the counter-trend and continuing the overall up-trend
price dipped into the oversold region on the MFI indicator which hints at a possible reversal
Always trade at your own risk. I would take this analysis on the 4-hour chart and go down to the 1-hour chart to draw up key-levels which I'd use to place my entries and exits. Will continue to
EURJPY short trade ideaPlan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** 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.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EUR/JPY long-buy weekly analysisEUR/JPY long-buy weekly 120-125 break target profit resistance
700 pips potential profit and 30 pips stoploss support with 20 rr
Indicators and oscillators are oversold weekly, rsi, demarker and bb etc.
EMA, MA and MACZ-Vwap etc.crossing for bullish movement
Economic calendar release are all bearish and hawkish
EURJPY long trade ideaPlan : trendline and resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY
**Disclaimer** 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.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EURJPY long trade ideaPlan : trendline and resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar etc --> BUY
**Disclaimer** 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.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX