EURJPYla idea esta simple, esperamos un break out de la correccion que el precio esta formando para poder entrar en cortos y finalizar la wave 4 y dar inicio a la 5ta wave. esperemos confirmación y les deseo un buen trade.
Eurjpyprediction
EURJPY If break this trend line then goes to touch next support EURJPY If break this trend line then goes to touch next support 128.100 level.
EURJPY- Minor Bearish Divergence..EURJPY looks bullish overall but spotted bearish divergence on 4 HR chart.. i am taking my chances with this short...
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Vinny
EURJPY short speculationEURJPY is in a bearish trend.
Shorts either at CMP or after a minor pullback depending on how price action reacts.
EURJPY Short hello traders today we are looking at #EURJPY, we broke trend-line/ rising-wedge because of that we will look for any #Short positions. Upon any correction on this pair look for a short position. i will also Comment a daily chart regarding this trade. If you have any questions please contact us via Private Message or via comment. -Professor
EURJPY testing strong resistance, time to sellIntro: EURJPY is testing strong descending resistance presenting us with a good opportunity to enter this short trade.
Sell below 131.24. Stop loss at 132.26. Take profit at 129.45.
Reason for the trading strategy (technically):
Price is testing strong resistance at 131.24 (Multiple Fibonacci retracement, Fibonacci extension, descending resistance) and a strong reaction could occur at this level to push price down to 129.45 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance at 97% where a corresponding reaction could occur.
Forex EURJPY weekly supply imbalanceForex cross pair EURJPY is dropping on the weekly and creating new supply levels at 134.9 for potential shorts. It is quite a wide zone and they are usually penetrated deeper so expect a reaction but deeper into the level. In a downtrend supply imbalances are respected and demand zones and levels are removed. Short bias on EURJPY.
Trendline RejectionI caught the last drop from the previous high created and now price currently being rejected on the trend line. Who's going to catch the upside move?
EURJPY approaching major support, watch for a potential bounce!EURJPY is reacting off major resistance at 137.42 and a drop could occur all the way down to 136.21 which is our first major support level (Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support). A bounce could occur at this level to drive price up to at least 137.42 resistance (Fibonacci extension, horizontal swing high resistance) once again.
RSI (34) is making a pullback to our descending support line.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURJPY testing major resistance, possible upcoming reversal!EURJPY is now testing major resistance at 135.16 (Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to drive price down towards 134.34 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,5,3) is seeing major resistance at 95% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURJPY profit target reached perfectly, prepare for further dropSell below 135.14. Stop loss at 135.53. Take profit at 134.28.
Reason for the trading strategy (technically):
Price has dropped perfectly as expected and reached our profit target. We now see major resistance at 135.14 (Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push price down towards 134.28 support (Fibonacci retracement, horizontal pullback support).
RSI (34) sees a bearish exit recently signalling that we should be expecting some bearish momentum in line with what we’re seeing in price.
EURJPY testing major resistance, time to sellSell below 136.10. Stop loss at 136.38. Take profit at 135.03.
Reason for the trading strategy (technically):
Price is now testing major resistance at 136.10 (Fibonacci extension, horizontal swing high resistance, bearish divergence) and a strong reaction could occur at this level to price down to at least 135.03 support (Fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance at 95% and we can see bearish divergence vs price signalling that a reversal is impending.
EURJPY facing tremendous bearish pressure, keep your eye out on
EURJPY is facing tremendous bearish pressure below 135.95 (Fibonacci retracement, Fibonacci extension, bearish divergence) and a strong drop could occur at this level to push price down towards 134.55 support (Fibonacci retracement, horizontal pullback support).
Stochastic (34,5,3) is seeing really strong bearish divergence vs price and this could signal a major reversal.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURJPY right below major resistance, prepare to sell Sell below 136.09. Stop loss at 136.38. Take profit at 134.84.
Reason for the trading strategy (technically):
Price is testing major resistance below 136.09 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, bearish divergence) and a drop could soon occur at this level. Our conviction for a drop would be greatly increased once our ascending support line is broken.
Stochastic (34,5,3) sees major resistance below 95% and also strong bearish divergence vs price signals that a reversal is impending.
EURJPY continues to test major resistance, lining up a potential
EURJPY continues to test major resistance at 135.95 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong drop could occur from this level to push price down towards 134.55 support (Fibonacci retracement, horizontal pullback support).
Stochastic (55,5,3) is seeing major resistance at 98% and has some good downside potential to go for our bearish move. We are also seeing a pullback to our 77% resistance level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURJPY testing major resistance, potential reversal!EURJPY is testing major resistance at 135.95 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong drop could occur from this level to push price down towards 134.55 support (Fibonacci retracement, horizontal pullback support).
Stochastic (55,5,3) is seeing major resistance at 98% and has some good downside potential to go for our bearish move.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURJPY seeing nicely support, prepare to buyBuy above 133.83. Stop loss at 133.39. Take profit at 134.81.
Reason for the trading strategy (technically):
Price is starting to bounce nicely off 133.83 support (Fibonacci retracement, horizontal overlap support, bullish price action) and we expect to see a strong bounce above this level to push price up to at least 123.81 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (21,3,1) is seeing strong support above 6.1% where a corresponding bounce is expected.
EURJPY Sell TradeAfter failing to break the 4H resistance, I expect a pull back on the pair to the Green dotted line before retracing to the top to Test the resistance line again. Overall trend for the pair is Bullish; but short Sell trades could be taken before the major Bullish move.
EURJPY Bollinger Band Spike On Strong Resistance LevelHi traders,
I spotted a nice Bollinger Band Spike on the EURJPY 15M chart at an amazing resistance level. The angle of the bands is also great AND we have an RSI divergence - enough confirmation to go for the sell.
Trade is on break-even already, let's see where the price is heading.
(This is not a trade recommendation!)
EURJPY Bollinger Band Spike and Multiple Rejections To The TopHi traders,
Similar to the EURCHF, I see a wonderful Bollinger Band spike together with multiple bullish rejections, thus, I am expecting a downside until the 50% Fibonacci level. My first position has been added already, now waiting patiently for the break of the support area to add to another trade. We might see a retest first before we go down.
(This is not a trade recommendation!)
