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Eurjpylong

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
Breakout Identified in EURJPYThe Breakout Opportunities system has just bought EURJPY at 128.837. The system recommends entering this trade at any price between 128.702 and 128.984. The signal was issued because the EURJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.266, suggesting that the EURJPY may have further to rise. A stop loss has been set at the 24-hour low of 128.297 and a profit target has been set at the 1 Day ATR level at 129.425. 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: 75514 Time Issued: Thursday, 25 March 2021 08:30:16 GMT Status: open Entry: 128.702 - 128.984 Limit: 129.425 Stop Loss: 128.361 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
13
possible day trading setup for EURJPYThese are two possible scenarios that could play out on this pair. I'm not expecting price to do anything or move in any particular direction, I will wait for the market to reveal it's next move. Price is currently in an up trend as seen on your higher time frames however it has pulled back quite a bit. Price will need to start setting lower lows and lower highs on the higher timeframes before I can confirm that the uptrend has ended but for now this is just a simple day trading setup to catch an entry which ever way the market decides to move. I only enter buys at break of resistance and retest and I only enter sells at break of support and retest. Confirmation is key.
by CaitlinAmanda