EURJPY, already touches strong trend line! Trade when the price action tells!
Through back, we had a price that was trapped inside a bearish channel and then price changed direction immediately after tested the overall support, Currently price has break the channel and has provided impulse move to the upside let's wait for a RETEST before Longing EURJPY
According to Breakout downtrendline + Fibo Ext +Price Action
I believe the overall trend for this pair is bullish bias, however there will be be a moderate retracement to and below the 124 handle. I'll keep it short on this post and let the audience do some digging on my chartwork to see if it makes sense. I based this chartwork solely off pure market movement and left out indicators. Please feel free to ask me any questions.
The long-term trend is ready to trade. Waiting for the rollback and buy.
See chart Lower time frame publication coming up soon as the current character of price action is been monitored
It looks like the corrective intermediate wave (C) of the corrective bearish Primary wave 5 ended at 115.87. As part of Cycle b, or 2, we can now expect prices to move higher medium and long-term with one of the medium-term upside stops laying at 122.54. The current minute ii correction is likely to end as a zig-zag complex pattern w,x,y with minuette y...
The EURJPY pair formed new bullish channel recently to confirm the affection by the bullish bias domination, while the main support line consolidation at 128.65 besides the price stability above 38.2% Fibonacci correction level at 128.85 reinforce the continuation of the positivity, to expect targeting 129.65 followed by 130.20 levels in the near term period. ...
Fundamental data of Japan are still weak applying QQE for years. BOJ has to keep loose monetary policy, hoping everything may get better. Even worse, birth rate of Japan shrinking year by year, aging society cannot be ignored when we do fundamental analyse. Under such circumstances, low unemployment rate is not as good as it shows. The main problem of Japan is...
This pair finished a harmony pattern on the weekly time frame and it might go down 50 Fibo. In addition to the waves support the same direction. The first goal is wave 6, which can be predicted by connecting 1 and 4.
-Although EUR is way too bullish at the moment, but i would prefer longs it makes a consolidation here and completes this structure. -It may break above and go rally to extend 3rd wave so just wait and see how structure develops. -On lower time frames, buy low and sell high. Good luck!
Long-term EURJPY has broken out on the monthly, and last week on the weekly as well. Quite a potential initial movement here, let's see if it extends. www.youtube.com
We saw a bullish EMA crossover (Golden Cross) occur on the 26th of April 2017 on the 4H chart and price has respected this crossover and has been riding above it, making higher highs. However, in recent weeks we've seen progression slow down and we have made our first Lower High as the uptrend begins to curve round to the downside. Price has also fallen below...
Not a setup, but a downtrend continuation prediction is what I have in mind. Price could follow the uptrendline, to continue up as Fibonacci tool predicts where it will lead to, while 117.7 hit 61.8% & may be enough to continue downtrend with Traders Dynamic Index indication of reversal from an uptrend start. Or price to move up according to its minor fibonacci...