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Eurjpylong

EURJPY SHORT TERM SELL, LONG TERM BUY ProjectionTechnical Analysis 1. Rising Wedge forming 2. Hit Level 1 of Fibonacci Expansion Level 3. Completion of a Flag Pattern Take Profit (Of the Flagpole breakout) on shorter timeframe smaller timeframes (Circled in WHITE) 4. Market is expected to break out of the trendline, hitting our Fibonacci Expansion Level of 1.618 which would push down the market to an area of confluence 5. Using the new Highest Point from the Fibonacci Expansion Level of 1.618 and Rising Wedge Peak, we would project the fall to the new Fibonacci Retracement Level How I would approach this. 1. Sell to 127.150 2. Buy from 127.150 to 136.250 3. Sell from 136.250 to 124.270
Short
by traderprosignals
Possible trend shift in EURJPY – going long Signal ID: 75657 Time Issued: Tuesday, 06 April 2021 21:00:15 GMT Status: open Entry: 151.424 - 151.86 Limit: N/A Stop Loss: 150.768 The Congestion Opportunities Strategy has just bought GBPJPY at 151.642. The system recommends entering this trade at any price between 151.424 and 151.86. The signal was issued because the 28-hour Relative Strength Index indicates that the GBPJPY may be overbought, while the Speculative Sentiment Index reading of -1.076 indicates that trader sentiment is not at extremes.The 14-period Average True Range on a daily chart is 0.874, so the stop loss has been set at 150.768. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Congestion Opportunities is a range trading strategy that aims to sell overbought currency pairs and to buy oversold currency pairs. The strategy will only trade when the Speculative Sentiment Index for that currency pair is between -1.5 and +1.5. Limiting range trading in this way has shown in the past to significantly raise the probability of successful range trades. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here. Past Performance is not an indicator of future results.
Long
by FXCM
3
EURJPY facing bullish pressure, potential for more upside!Prices are facing bullish pressure from 1st support which is in line with ascending trendline support, horizontal swing low support, 78.6% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push up towards 1st resistance, which is in line with horizontal swing high resistance, -27.2% Fibonacci retracement, 127.2% Fibonacci retracement. If prices push even lower, prices might hit 2nd support which is in line with horizontal swing low support, 100% Fibonacci extension and 127.2% Fibonacci retracement. Ichimoku cloud is also below prices, showing a bullish pressure for prices.
Long
by TradeGATEHub
3
Breakout Identified in EURJPYThe Breakout Opportunities system has just bought EURJPY at 130.214. The system recommends entering this trade at any price between 130.116 and 130.358. The signal was issued because the EURJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.444, suggesting that the EURJPY may have further to rise. A stop loss has been set at the 24-hour low of 129.824 and a profit target has been set at the 1 Day ATR level at 130.791. The system will move the stop to the next 24-hour low every time that 24-hour low is higher than the previous 24-hour low. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance. Signal ID: 75636 Time Issued: Tuesday, 06 April 2021 00:20:15 GMT Status: open Entry: 130.116 - 130.358 Limit: 130.791 Stop Loss: 129.824 Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here. Past Performance is not an indicator of future results.
Long
by FXCM
2
EURJPY Remains In a BULLISH TrendFocusing on our MA and EMA, we can see a nice rejection off these levels. This give us a confirmation that a BULLISH trend remains. There is no form of breakdown, giving us a potential movement to the 261.8%. Previously, price failed to test that level and I am expecting price to hit that level before further BULLISH continuation. We will be seeing great BEARISH pressure at the identified Supply Zone (identified in red). Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Long
by YGForex
1