Eurjpyprediction
EURJPY : Buy Position Just Opened.The pair kind of rejected to one strong support key level right now.
Exactly rejected the previous lower zone.
It seems to reach TP1, if break then continue to TP2 or comeback to break the key support level.
My analysis in here seems to be exact the same in my analysis in MTP Predictor software.
The price just rejected the Decision Point. You may refer to the following SS.
prntscr.com
Good Luck and Happy Trade.
EURJPY remain bearish at major resistanceSell below 121.09. Stop loss at 121.86. Take profit at 119.65.
Reason for the trading strategy (technically):
We remain bearish below 121.09 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down to 119.65 support (Fibonacci extension, horizontal support, recent swing low support).
Stochastic (34,5,3) has reacted off our 92% resistance level perfectly and continues to see resistance there.
EURJPY right above strong support, remain bullishBuy above 119.62. Stop loss at 118.63. Take profit at 121.08.
Reason for the trading strategy (technically):
Price held at our buying level perfectly yesterday. We remain bullish above 119.65 support (major horizontal support, Fibonacci retracement, EURUSD positive correlation) for a push up to 121.08 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (21,5,3) is seeing strong support above the 6% level.
EURJPY Pending Sells, model suggests large move comingMorning guys,
Glad we all managed to make some on the eurusd trade yesterday at 1.08298, with the ECB offering a bazooka purchasing bonds with a minimum one year maturity including those with yields below deposit rate (-40bps).
EURUSD has begun its move toward parity in coming months, most likely before the French Elections. If anything the ECB policy meeting yesterday confirms that stance. Whilst mapping out the political landscape with Netherlands election in March, France April/May and Merkel losing ground to populist parties. An election in Italy should not be ruled out either given the limits on the banking system particularly stemming from Italy.
Technically speaking, selling rallies into previous areas like this are a nice play, it is possible that we have missed the eurjpy move coming close with no cigar. It is also expected for those who are in the 1.08x shorts on eurusd that we will see a pullback, staying short and selling rallies is a good play where FOMC will be raising rates.
The model is implying a large trend change will come in January 2017 so paying attention to events ahead will be imperative moving forward.
Likes and comments are always appreciated, and please expect me to go on about my euro parity call for so long once we get there :)
(EURJPY) - Daily - SpeculationWe have a big trend line stretching as far as January 2016 which finally broke yesterday. we might have a small pull back before our setup is ready.
buy whenever you feel it fits your strategy.
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Liability Disclaimer : All trades posted here are my personal view of the market.
If your planning to use them as signals, do your own research first and you are responsible for your own entries, exit, profit and loss management.
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Range - Easy Support/Resistance Trade for Beginners - LONGApproximately 55 pips available. Market has reached a level of support on the 1hour chart. Market has been in this range since 22 September, with reliable recent evidence of market activity remaining within this range. Low risk entry of around 9 pips, with a reward of around 55 pips.