EURJPY Short for 120 pipsEURJPY is entering a kind of ascending wedge pattern.
Target profit of around 100-120 pips for now.
Always Keep It Sweet n Simple, KISS.
Just embrace the most obvious pattern, while maintaining a good risk management.
EURJPY has been doing lower highs and lower lows for quite some time, and the next big trend will be established only after breaking either above or below the triangle/wedge base.
TAYOR
Eurjpyidea
EURJYP BuyI believe the trend has reversed and we are now bullish but have hit a resistance point and should retrace where buyers may take a long position again. I have identified 2 places where you may wish to do a buy either at leg B OR you can decide to wait for market to go lower before buying in again at leg D.
My labelled zones are only a rough idea of where i think the market may touch. Decide on your own Entry & Exit.
DISCLAIMER
Please note that this chart is an opinion based chart only. Please trade at your own risk
EURJPY - BUYFX_IDC:EURJPY
I am trading on a small account, documenting my progress. This is not intended to be a signal!
Break of H4 Trend Line to test support at 124.000. Expeting a retest of lower trend line structre along with fib level 0.382 were we have our first take profit. Take profit 2 extended to our next fib level at 0.618 at 125.500.
Sell at CMP - 124.250
SL - 123.750
TP - 125.000
TP 2 - 125.500
EUR JPY LONG! FINNALY ARRIVED I will present this opportunity in a simple way and clear!
EUR JPY has been creating HH and LH , from the 3 week of the year. That been said, we simply are applying a ABCD.
A-124.406
B-125.953
Possible C 125.027, where the 61.8 % fib is located
and the possible D 126.372
I hope this that help you guys.
All the best
Trading view
EUR/JPY TA 1/10/19 Short to 120We are currently bearish on EJ, if a 2 hour candle can break below 124 and close then we will be entering short. Downside target: 122 ( long term 120) That being said if we remain above 124 then our next upside target would be 126 where we would be looking to reverse back down to the 122-124 area.
EUR/JPY TA 1/10/19 Short to 120 or long to 126 & reverse to 120?EUR/JPY: We are currently bearish on EJ, if a 2 hour candle can break below 124 and close then we will be entering short. Downside target: 122 ( long term 120) That being said if we remain above 124 then our next upside target would be 126 where we would be looking to reverse back down to the 122-124 area.