Eurjpylong
EURJPY Falling Wedge pattern? On the EUR JPY currency pair, I detected the emergence of a bullish falling wedge pattern.
This pattern gives the possibility that EURJPY will move in a bullish period.
I predict the price will move up and have 2 upside targets.
My first target is predicting the price will move up to the Fibbonaci cluster boundary.
Second, I predict the price will rise to touch
the top resistance level of the falling wedge pattern
Note : The market will always change, I'm just sharing my view on the possibility the market will go away. If you have a different perspective from your analysis view, let me know in the comments.
EURJPY ends Short. Standby for LongIn the daily chart the EURJPY is in the middle of a pullback with a Fib Retracement we can see that is using the level of 50% and 61.8% like support. So looking the momentum indicator in the 4H TF I think, and it's only an idea that the Retracement is ending and I will wait for candlestick signals to go long.
Any comments and suggestions are allowed!
Best regards Axu
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EurJpy= Best place to buy for 1:5 R:RAfter the June high of around 1.34, EurJpy corrected and found strong support in 1.28 zone.
October is a recovery month for this pair with the price rising back above 1.3 important figure
Now the pair is in a minor correction of the recent leg up and I expect continuation to the upside
1.31 can be a good place to buy and long term traders can target 1.5 zone
Recent 1.34 high can also be a good place for TP for shorter-term traders
This scenario is negated if the price is closing under 1.2750
EURJPY: Bearish PennantEJ is currently at the top of a bearish pennant (Monthly/Weekly T.f) the pattern is also visible on the RSI on the Mly T.f
The next target is 126.800 .
the target after that is 117.740 .
We're currently at a fib level. If price is ever to pick up, it'll do so at this level. But i would wait for a break to the upside, then a restest and continuation before buying ( break and retest of pennant or at least 133.100 level.) the next target if that happens will be 137.400.
Waiting for price retest and buying opportunity with EURJPYDaily time frame.
Structure: Uptrend.
There was a retracement move to the value zone at 130,500.
Waiting for bullish reversal patterns to appear here can find buying opportunities.
The profit target is the 134,000 and 136,600 price zones.
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Wish you all have a good trading day!
EURJPY , Its time to sell Hello everybody
In this chart , we have zone that support price to go up and now this zone changed to resistance and pullback to it and now its time to sell
Another reason for take this sell position is the key
( Key : its the zone that can change the trend )
We are only positioning that follow the trend , the trend is downward and now we are only selling because of the trend change and have pullback , its time to sell
Dont forget stop loss and save profit and risk free your position
Good Luck
Abtin